Check out some available loans that are similar to this one!
Davaajav
Borrower Davaajav is a 42-year-old married mechanic and he lives with his family in Ulaanbaatar, Mongolia. He lives with his wife and three children, two of them attend secondary school and the other child attends kindergarten. He really needs to build a house for his family since Mongolia has four seasons and the weather is very changeable, thus he must have a safe house to live in.

Davaajav is requesting a 1,000,000 MNT (Mongolian tugrik) loan to purchase necessary housing materials such as bricks and vacuum windows.

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
  • 1,417.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Davaajav to purchase housing materials.
89% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 2, 2015