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Baasanjargal is a 31-year-old married man who lives with his wife, daughter, mother and younger brother in an outer ger district of the city of Ulaanbaatar city, Mongolia, that lacks basic infrastructure. He works as a director while his mother operates a stall business, his younger brother attends university and his wife cares for their new born baby.

Now it's the warm season and Baasanjargal plans to work on his house, which really needs some renovation. Thus, he is requesting a 3,000,000 MNT loan to purchase the 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
  • 1,418.5
    Mongolia Tugriks (MNT) = $1 USD
A loan of $2,125 helped Baasanjargal to work on his old house.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 25, 2013
Jun 1, 2013
Currency Exchange Loss:
Jul 1, 2013