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Damdin-Ochir is a 23-year-old guy who lives with his mother and sister in the outer ger district, which lacks basic infrastructure, of Ulaanbaatar, Mongolia. His family lives in a small house, which is very old. The windows and some parts of the house let the wind blow through, so the house needs some renovation work. Thus he requests a Kiva loan from kind lenders.

With this loan he will purchase the necessary construction materials to make better living conditions for his sister and mother. He is the only man of his family, so he is very hardworking and ambitious to have a good life.

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

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,365.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $1,850 helped Damdin-Ochir to renovate his old, unsafe house.
Repayment Term
19 months (Additional Information)
Repayment Schedule
Aug 1, 2012
Sep 5, 2012
Currency Exchange Loss:
Oct 5, 2012