Borrower Batbielg is 29 years old and lives with his two children and his wife. His spouse works doing sewing while Batbileg supports his family by doing carpentry during the summer and running a taxi business during the winter.
This loan will be used to purchase an old car which he will use as a taxi. His daily taxi income is approximately 20-30 thousand MNT (Mongolian Tugriks).
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.