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Ulambayar is a 29-year-old, married guy who has one son and lives with his family in an outer ger district of Ulaanbaatar city, Mongolia that lacks basic infrastructure. He is an engineer. His spouse works as a manager and his son stays at his mother-in-law’s house.

Ulambayar’s current house changes temperature very quickly and is so old, so he needs some renovation work. Thus, Ulambayar is requesting a 3,500,000 Mongolian Tugriks (MNT) loan to purchase needed 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
  • 1,310.0
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,675 helped Ulambayar to purchase construction materials.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 16, 2012
May 11, 2012
Currency Exchange Loss:
Jun 10, 2012