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Lkhagvasuren is a 37-year-old, married man who lives with his family in an outer ger district of Ulaanbaatar city, Mongolia. He works as a driver at local milk company while his elder two sons attend local primary school and daughter attends kindergarten.

Lkhagvasuren plans to finish his housing work, besides his regular work, before cold winter season. He said, “it was really hard to live non-warm house last winter, so I decided to make it better.” For this reason, Lkhagvasuren applies for a Kiva loan from kind borrowers throughout the world.

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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,380.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Lkhagvasuren to purchase construction supplies.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Oct 2, 2012
Oct 26, 2012
Currency Exchange Loss:
Jan 2, 2015