Munkhbayar is 43 years old and lives with his wife, daughter and son in Ulaanbaatar, the capital city of Mongolia. He supports his family by operating a transportation service using his truck. His family lives in a small house, in the outer 'ger' (tent) district of the city. His son attends college while his daughter attends secondary school. Both Munkhbayar and his wife worked for a Mongolian public transportation company from 1999 to 2010 as his wife was a driver and he was a repairman.
He started his transportation business using a truck called the Zil-130 which he bought on leasing contract from a bank in 2010. He repaid the leasing contract over 4 months. He transports coal during the wintertime and construction materials in the other seasons. His wife is unemployed therefore she wants to buy a new car to run a taxi business so that she can help her husband to support their family. With this loan of 3,000,000 Mongolian Tugriks (MNT), Munkhbayar will purchase a car for his wife to use as a taxi.
Their goal is to support their children’s education and to make better future investments into their children's lives.
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.