Baasanjav is a-34-year-old widower who lives alone in an outer ger district of Ulaanbaatar city, Mongolia. (A 'ger' is a traditional Mongolian tent.) The district lacks basic infrastructure. He is a teacher at a local college.
Recently he moved from his old location to a new yard and is building a dormitory with 9 rooms. Besides his teaching job he is building the dormitory by himself. This shows that he is a very hardworking and ambitious man.
He has already finished 4 rooms and wishes to finish the last 5 as quickly. Therefore he is requesting a 3,000,000 MNT (Mongolian Tugriks) loan to purchase essential construction materials to finish his dormitory in order to rent to others who want to rent. Plus his current yard and dormitory is located in a very good place, so he is happy for it.
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.