Mr. Byambadorj is a 54-year-old father of three children. He lives with his family in a house, which is located in the outer ger district. He rents his house's downstairs rooms to others. He is the only person in his family who has an income, so he plans to operate a fuel/firewood sale business during the cold winter season.
He is requesting a 2,000,000 MNT (Mongolian Tugriks) loan to purchase a small truck in order to transport fuel/firewood to sell during the winter.
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.