Jadamba has also been running a taxi business for over six years with the car he bought based on a leasing contract. His brother, Ganjuur, makes his living from his own taxi business as well. Their mother passed away when they were little; because Jadamba was the oldest son, he had to work hard to get his family ahead.
Jadamba is now requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase a wide range of merchandise to sell in his grocery store. He wishes to provide a good quality of life to his brother and father as well as start his own life.
About TranscapitalTranscapital 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.
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Success!! The loan was 100% repaid