Oyunbaatar is 30 years old and lives with his wife and daughter. He is a guard at a local company and is very ambitious and hardworking.
The family previously lived in a ger, a traditional Mongolian felt tent, but nowadays it's very hard to live in a ger because in recent years it's gotten colder every winter. In winter it is so cold that it makes it really difficult because a ger loses heat very quickly. Thus Oyunbaatar recently moved into a small house, but it isn’t completely built yet. This loan will be used to purchase necessary materials to finish the house.
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.