Enkhbat is 45 years old. He is married and the father of two young men. His family lives in a small house in the suburbs of Ulaanbaatar, the capital city of Mongolia. His wife is a legal advisor at a private company while his oldest son is a section chef at a restaurant. The youngest son attends university. In most cases, the family relies on him.
Enkhbat has been operating his transportation business with his small lorry since 2007. He mostly transports goods by his lorry from a construction and building materials market, called Gurvaljin. He has lots of competitors at the market, yet he still has a large number of constant customers. Over the past few years, he managed to pay his sons’ tuition expenses with the profits.
He is requesting a loan of 1,500,000 MNT (Mongolian Tugriks) to purchase a new engine and other spare parts that need to be changed. He is working hard to support his oldest son to go to Japan to study.
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.