Batmandakh is 30 years old and lives with his wife and son in Ulaanbaatar, the capital city of Mongolia. His family lives in a small house, in the outer ger (nomadic housing tents) districts of the city. His son attends kindergarten, while his wife stays at home.
Batmandakh supports his family by operating his small vacuum window-making factory. In 2001, he worked at another local window-making factory for two years.
When he first began his business in 2003, he used to work with cheap and hand-operated tools. He had been running his business successfully, thus he bought new machinery and equipment. He is requesting a 3,500,000 Mongolian Tugriks (MNT) loan to purchase a better quality window-making machine and an electric saw.
His business goal is to expand his factory’s size and employ more people. He wants to improve his business with this loan, and with the profits, be able to support his son’s education.
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.