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Bayarsaikhan
Borrower Bayarsaikhan, 51, is a married man who lives with his two sons and wife. His elder son works as an operator and younger son attends university, while his wife is a storekeeper at a local trade company. Bayarsaikhan is a security professional at local company.

He bought a new yard for his son recently and he is preparing to build a house for him there. Thus, he needs some construction materials. In the future, his elder son will marry, so he is preparing for his son's wedding, Therefore, Bayarsaikhan is requesting a 3,500,000 MNT loan to carry out this housing project.

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
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,397,050
    Funds lent in using Kiva
  • 1,418.5
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,475 helped Bayarsaikhan to purchase necessary housing materials.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 1, 2013