Byambaa is a-29-year-old married guy who has one son and lives with his family in outer ger district which lacks basic infrastructure of Ulaanbaatar city, Mongolia.
Since, last year he has been managing to build a small public dormitory at outer ger district. And when the dormitory is ready done, he plans to rent it, it has 16 rooms and he can rent it to 16 different people. His spouse really hopes that the family can increase their family income by renting this small dormitory.
But Byambaa didn’t finished interior section of this building, so he is requesting a 1.000.000 Mongolian Tugriks (MNT) loan to purchase construction materials to finish interior side of his dormitory. As young guy, he is very hardworking and ambitious guy who really wishes to live happily with his family.
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.