Borrower Battur is a 30-year-old married guy, who has three children and lives with his family in the outer ger district of Ulaanbaatar City, Mongolia. He works as a driver in local non-governmental organization as well as operating a small workshop with help from his wife.
The smocks that he holds his hand are one of their very popular brands and they usually sew the clothes by order. As the business becomes more successful, Battur needs one more sewing machine and to increase his working capital in order to buy materials. He is requesting a 2.000.000 Mongolian Tugriks /MNT/ to purchase a sewing machine and variety of materials.
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.