Batdorj is a 39-year-old father of two sons and lives with his family in the outer ger district which lacks the basic infrastructure of the city. In the past he has worked at a judicial decision office and then a local drilling company, but now he and the family operate a café business. Batdorj and his spouse work as chefs, while his two sons serve as waiters in addition to going to school.
Last spring the price of meat rose and they therefore had a lower profit. He is therefore requesting a loan to purchase more meat and other necessary food supplies in order to increase their profits.
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.