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Borrower Lkhagvasuren is 50 years old and lives with his son and daughter in the outer ger district of Ulaanbaatar city, Mongolia. While he is a qualified agricultural mechanic, he now works as a plumber; his daughter works as an operator and his son attends university. His wife supports his family by operating a sunglasses-selling business at the largest outdoor market in Ulaanbaatar.

Lkhagvasuren is requesting a 2.000.000 MNT (Mongolian Tugriks) loan to purchase roof-covering materials for their home.

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
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,444,050
    Funds lent in using Kiva
  • 1,397.4
    Mongolia Tugriks (MNT) = $1 USD
A loan of $1,450 helped Lkhagvasuren to purchase roof covering materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 25, 2012
Nov 9, 2012
Currency Exchange Loss:
Dec 9, 2012