Bayarjargal is a 41-year-old married man who lives with his two daughters, son, and wife in an outer ger district that lacks the basic infrastructure of Ulaanbaatar city, Mongolia. He is a teacher at a driving school.
He is requesting a 2,500,000 MNT loan to purchase a car, which he plans to use for a transportation business in addition to his current job. His long term dream is to create a comfortable life for his family.
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.