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Shirnennyambuu
Shirnennyambuu is 49 years old and lives with his three sons in outer ger district of Ulaanbaatar city, Mongolia. He has supported his family by operating a TV repair business since 2000 and his elder son, who graduated from his university this spring, helps him to operate his business.

It's really hard to live with four males in one house, so everybody in his family is a very hardworking guy. This fall the family plans to make a housing project. Thus, Shirnennyambuu is requesting this loan to purchase interior housing materials.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Shirnennyambuu to purchase construction materials in order to make better living conditions for his family.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013