Munkhsaikhan is 32 years old and married. The entrepreneur lives with his spouse in a small apartment located in the local district of Ulaanbaatar city, Mongolia. Previously, he worked in Korea for four years. Today he operates a grocery store retail business with his wife Tsoomoo.
They own a grocery store, which needs some capital to increase its working capital, so Munkhsaikhan is requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase a variety of products for their small store.
Munkhsaikhan is experienced in business and a very ambitious man who desires to expand his own business.
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.