Dugar is a 58 year old widower who lives with his daughter and son in a small house which is located in a outer ger district, without basic infrastructure, of Ulaanbaatar city, Mongolia. His son attends Mongolian University of Science and Technology.
He has supported his family by operating a grocery store business for 6 years. The big advantage of his business is his small store is the only store in that that area, so he has many customers. He has about a 4.5 million Mongolian Tugriks (MNT) in working capital.
During the holiday he wants to increase his working capital and wants to attract more customers as well. Thus Dugar is requesting a 3,000,000 MNT loan to purchase grocery products to sell. Also he is a very trusted client of Transcapital CoLtd.,
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.