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Battur
Borrower Battur is a 35-year-old married man who lives with his wife and 12-year-old son in a small apartment. He works at a local flour company, while his son attends secondary school.

The toilet and kitchen of the current apartment in which the family lives is very old and really needs some renovation.

For this reason, he is requesting a 3,000,000 MNT (Mongolian Tugriks) loan to purchase necessary housing/construction materials.

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
  • 1,400.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,150 helped Battur to purchase necessary housing/construction materials for renovation.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Expired:
Jan 6, 2013