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Munkhbaatar
Borrower Munkhbaatar is a 27-year-old married man who lives with his two daughters and wife in an outer ger district which lacks the basic infrastructure of the city. His wife babysits for their daughters while Munkhbaatar works at local mining company.

He is a very hardworking young man who desires to make better living conditions for his family. He built a house last year, but it still needs some construction work. He is requesting a 2,500,000 MNT loan to purchase construction materials such as windows, fencing, cement, bricks and others.

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
  • 1,418.5
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,775 helped Munkhbaatar to purchase housing materials.
92% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 3, 2013