Mr. Oyunbold is a 39-year-old married man and father of two beautiful daughters. He lives in an outer ger district of Ulaanbaatar city, Mongolia, without basic infrastructure. His elder daughter is a student in a local university while his five-year-old daughter stays at home with her mother.
Oyunbold's family has operated a small sewing factory for 12 years. They sew a variety of clothes, which they sell at the largest outdoor market in Mongolia. The family business has improved day by day, and therefore Oyunbold wants a car to support the business. He is requesting a loan of 2,400,000 Mongolian Tugriks (MNT) to buy a new car.
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.