Mr. Tserendorj is 42 years old and a married man who lives with his family in an outer 'ger' district which lacks basic infrastructure of the city. Currently, he works as plumber at a local company and his children attend college and high school.
He is requesting a 3,600,000 MNT (Mongolian Tugriks) loan to buy a car to run a taxi business besides his current job, in order to increase his family income and live happily with 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.