Check out some available loans that are similar to this one!
Enkhtsetseg
Enkhtsetseg is a 43-year-old widow. She has a 15-year-old boy whose name is Telmen. Her son attends secondary school. Today, she works as a master tailor at a local sewing company. She lives with her mom, son and sister in a small house which is located in an outer ger district of Ulaanbaatar and she has decided to renovate it by housing work.

Enkhtetseg is requesting a 3,800,000 Mongolian tugrik loan to buy all the necessary renovation materials for the house, such as vacuum windows for keeping the house warm during cold weather, bricks and others. Enkhtsetseg is a hardworking woman who believes that the renovation of her house will improve her son's and family’s living conditions significantly.

Additional Information

About Transcapital

Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,337,175
    Funds lent in using Kiva
  • 1,337.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,850 helped Enkhtsetseg to purchase housing materials to renovate her very old house.
95% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 11, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014