Borrower Mr. Nyamdorj is married and 34 years old. He lives with his wife and son at his father-in-law’s yard. He is a monk and he dreamed of having his own small temple. Since 2011, he has been constructing his temple.
With this loan, he will purchase necessary construction materials that will be used for the interior section of his temple.
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.