Sengee, age 41, is a professional tractor driver who lives with his wife and children in the outer districts of Ulaanbaatar, the capital city of Mongolia. His wife runs a shoe-selling business at a local market and he has three sons who all attend public secondary school.
He has been operating a taxi business since he moved to Ulaanbaatar in 2003. Although he moved to the city, he has possession of a one-hectare land plot in “Tov” province, Mongolia where he plants daily-consumption vegetables. Besides that, this year he planted potatoes on two hectares of land to earn profit by harvesting and selling the potatoes.
Sengee is well-experienced in his career, especially in farming, thus he is able to operate this business. He is requesting a 1,500,000 MNT (Mongolian tugriks) loan to purchase irrigation equipment and fertilizers. He and his wife want their children to become highly educated people and are willing to support them as far as they can.
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.