Davaadorj is a father of 3 children, aged between 19 and 33. He lives with his younger daughter and spouse without basic infrastructure in the outer ger district of Ulaanbaatar city. He is 49 years old and works at a local company. His wife supports the family by operating an “Oriflame” network business.
Davaadorj is requesting a loan of 2.500.000 MNT (Mongolian Tugriks). He will pay his daughter’s fee of 1.300.000 MNT and with the leftover 1.200.000 MNT he will do some renovation work in his current house.
He said, "If we finish our housing work, our family will live very safe and happy all together."
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.