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Sandagsuren
Mr. Sandagsuren is 33 years old, married, and has two cute boys. He lives with his family in an outer district of Ulaanbaatar city, Mongolia, which is lacking in basic infrastructure. His boys attend the local kindergarten and primary school.

He works as a plumber at the Railway University, while his wife works at a local private company. Over the past few years, his house has become very old, and this year he plans to renovate the interior, with the help of this Kiva loan.

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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,525 helped Sandagsuren to purchase building materials to renovate the interior of his aging home.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 9, 2012