Dorjpalam is a 57-year-old man who lives with his family in the outer ger district, which lacks basic infrastructure, of Ulaanbaatar city, Mongolia. He has worked at a local combine, then he ran a micro-bus for a local area of the city, after that he worked at the biggest outdoor market of Mongolia.
Currently his family lives in a yurt, a traditional Mongolian felt tent. During the winter season it’s really difficult to live in a yurt, as the temperature goes below minus 25-30 degrees. So he decided to build a small house for his family with the support of Kiva funding. He couldn’t finish the house before the winter, but he desires to do fundamental work on his housing, then next spring he will finish. He is very hardworking and reliable client of our NBFI.
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.