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Purev
Purev is a 60-year-old accountant who lives with his family in the outer ger district of Ulaanbaatar city, Mongolia. This area lacks basic infrastructure. Purev is requesting a 2,000,000 MNT loan to purchase necessary housing materials in order to renovate the interior or his current house.

He said: “With the help of this loan, I can make better living conditions for my lovely children and especially for my kind wife.”

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
  • 1,397.4
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Purev to purchase housing materials to renovate the interior of his house.
97% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 2, 2013