Borrower Batjargal is 55 years old and lives with his family in an outer 'ger' (Mongolian yurt) district. He works as a specialist at a local company while his elder son works as a technician. His younger son attends university and he needs his tuition fees. Batjargal's daughter operates a retail business.
So he is requesting a 3,500,000 MNT loan to pay his son's tuition fees and do construction work at his current 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.