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Myagmarjav
Borrower Mr. Myagmarjav is a 46-year-old married man who lives with his family in the outer ger district of the city. He works as a shift boss with his spouse at a local company. He has two daughters and both of them are finished with their studies.

The house in which the family currently lives is very old and requires some renovation work. In Mongolia, the spring season is the best season for renovating and building houses.

Thus he is requesting a 2,000,000 MNT loan to purchase necessary construction materials in order to renovate his old unsafe house and make it into a good one.

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
  • $15,397,050
    Funds lent in using Kiva
  • 1,390.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Myagmarjav to renovate his old unsafe house and to make better living conditions for his family.
88% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 17, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014