Borrower Ichinkhorloo is a married 38-year-old woman who lives with her family in an outer ger district that lacks the basic infrastructure of the city. She works as a maid at a local high school. She has three girls who attend kindergarten, high school, and a higher education institute.
Ichinkhorloo is requesting a loan of 2,500,000 MNT (Mongolian Tugriks) to pay her eldest daughter's tuition fees, and to buy a PC and printer which are really needed for her daughter's studies.
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.