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Davaasuren
Mr. Davaasuren is a 47-year-old married man who has two children. He lives with his family in the outer ger district, which lacks basic infrastructure, of the city. He is a crane man, while his spouse works as a teacher at a local primary school. His elder son is a workman, and his daughter attends high school.

Davaasuren is requesting a 3,000,000 MNT loan to purchase construction and housing materials to finish his house and garage.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,387.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,175 helped Davaasuren to purchase construction materials.
92% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 2, 2014