Bat-Itgel is a 33-year-old married man who has two sons and lives with his family in the outer ger district of Ulaanbaatar, Mongolia. He is a merchandiser at a local company. His two sons attend kindergarten. His wife is a professional baker at fancy cake factory. When she took maternity leave, Bat-Itgel decided to operate their small fancy cake factory in addition to his present work.
Then Bat-Itgel rented a small factory room in order to bake fancy cakes. He is requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase contemporary styled bags to conserve their cakes. His wife is really overjoyed for their business.
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.