Mr.Batdelger is a 32-year-old, married man, who lives with his two daughters, wife and son, in an outer ger district of Ulaanbaatar city, Mongolia. His neighborhood lacks basic infrastructure. Batdelger's son attends college, while his younger sisters attend a local kindergarten.
Borrower Batdelger is operating a business with his wife, making traditional Mongolian small caps that have a button on top. He said: "Now it's the beginning of the great traditional holiday of Mongolia. Thus, my business became very popular. During this holiday period people wear national clothes, so they buy caps, deels (traditional Mongolian dress) and other traditional Mongolian wear.
He is requesting a 2,500,000 MNT (Mongolian Tugriks) loan to purchase more materials for making traditional caps, such as silk and cotton.
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.