Enkh-Amgalan, 37, is a professional driver. He lives with his wife, mother-in-law and two children, aged 12 and 15, in his mother-in-law’s small house, in Mongolia’s capital, Ulaanbaatar. Both of his children attend public school. His wife works as a separator at a local cashmere factory, while his mother-in-law is a retired and she stays at home.
Enkh-Amgalan worked as a driver at a local public transportation company from 2002 to 2008. Since 2008, Enkh-Amgalan has been running a transportation business using his family minivan. He has permission to carry passengers on one of the city’s remote bus lanes which lacks bus services. He is planning to sell his old car and purchase another second car, due to safety regulations for transportation. He is requesting a 2,500,000 MNT to purchase the second car.
He said “I wants to improve my business and then to be able to buy my own house”
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.