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Amarsanaa
Amarsanaa is a forty-nine-year-old married man who has two sons and lives with his family in the outer ger district of Ulaanbaatar City, Mongolia. The area lacks basic infrastructure. His two sons are very independent. The elder one is a student at a local university, and the other one works in Korea with a labor contract.

Amarsanaa has been operating a public transportation service business since 2000, with special help from his spouse, Gantsetseg. When they first began their business, they bought a minivan which was produced in 1995. After nine years, in 2009, he changed the old van for a new one which was produced in 2001.

The current house in which the family lives became so old, it requires some renovation work. Amarsanaa is requesting a 4,000,000 Mongolian Tugriks (MNT) loan to purchase necessary construction materials, now that they are very cheap.

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
  • 1,387.6
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,900 helped Amarsanaa to purchase construction materials necessary for renovating his house.
92% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 16, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014