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Gelegjamts
Mr. Gelegjamts is married and 35 years old. He lives in a 'ger', a Mongolian traditional felt tent, with his wife, son and mother. He works as a guardian at the Korean embassy of Mongolia, and his wife works as a cook at a small kitchen.

Gelegjamts decided to build a cozy house next spring, thus he needs to purchase wood and other necessary materials. During the winter season the temperature is very changeable and sometimes it hits -40 C. As head of his family, he really wants to create very warm, safe, comfortable living conditions for his lovely family.

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
  • $15,364,275
    Funds lent in using Kiva
  • 1,397.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,800 helped Gelegjamts to purchase wood to build a house.
98% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 4, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 29, 2013