Elbegsaikhan is a 31-year-old who has two children and lives with his family in the outer ger district, an area which lacks basic infrastructure, of Ulaanbaatar City, Mongolia.
He is a very experienced builder and works as a head of his construction brigade. He has a few workers and he is requesting a 1,000,000 MNT (Mongolian Tugriks) loan to give a salary to his employees and use for their lunch for few days.
After he is done with the building, he will receive his salary from the subscriber who ordered the building.
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.