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Ganzaya is a 25-year-old man who was married very recently and lives in outer ger district. This district lacks the basic infrastructure of Ulaanbaatar, Mongolia. Currently Ganzaya lives with his spouse in his mother-in-law’s small and very old house.

He is very ambitious so he decided to renovate his living space. Therefore, Ganzaya is requesting a loan of 3,900,000 Mongolian Tugriks to purchase all necessary construction materials for his renovation work.

He says, “We are a young family, so I wish to make everything in my life very orderly and new, because our married life has just started and of course I want to live happy and safe with my spouse."

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 $3,000 helped Ganzaya to purchase construction materials for rebuilding his old house.
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 15, 2012
May 15, 2012
Currency Exchange Loss:
Jun 14, 2012