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Tuul
Tuul is a 45-year-old tailor who lives with her family in the outer ger (Mongolian housing tent) district of the city. She has been operating a sewing salon business since 2004, so she is a very experienced tailor. She has two sons, and her younger son is a student.

With this loan she planned to build an auto garage from blocks since the winter season in Mongolia is very cold -- the temperature hits -40 C. The family owns a car, and they still don’t have a garage.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,392.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,175 helped Tuul to purchase necessary construction materials to build a garage.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Possible
Expired:
Nov 10, 2012