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Zolzaya is a 27-year-old married lady who has two children and lives with her family in the outer ger district outside of Ulaanbaatar City, Mongolia. Ger districts are large settlements, comprised mostly of tents, that lack even basic infrastructure such as running water and sanitation. Zolzaya's husband is a construction decorator, while she supports her family by operating a small grocery store in the outer ger district. The small house in which their family currently lives is very old and needs major renovation, so they have decided to rebuild it. Zolzaya is requesting a loan of 3,800,000 Mongolian Tugriks (MNT) to purchase some necessary construction 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
  • 0
    View loans »
    Mongolia Loans Fundraising
  • $15,491,375
    Funds lent in using Kiva
  • 1,305.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,925 helped Zolzaya to buy construction materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 25, 2012
May 7, 2012
Currency Exchange Loss:
Jun 6, 2012