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Munkhbayar
Borrower Mr. Munkhbayar is a 32-year-old married man who lives with his wife and 8-year-old daughter in Erdenet city, which is the third largest city in Mongolia. He works at a local mining company and his wife works at a private company while their daughter attends primary school.

The family's current house requires some renovation. He has already started to work on this housing project, but he needs more materials. He is requesting a 3,800,000 MNT loan to purchase the necessary 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
  • 4
    View loans »
    Mongolia Loans Fundraising
  • $15,366,300
    Funds lent in using Kiva
  • 1,396.5
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,725 helped Munkhbayar to purchase construction materials to renovate his old house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013