Borrower Tsogtgerel, 27, is a married man who lives with his wife and son. He supports his family by operating a men's clothing stall at an indoor market. Currently he has about 3,500,000 MNT in working capital. His wife helps to him to operate his business by importing clothes. Tsogtgerel usually sells jeans, belts and men's watches.
He is requesting a 2,000,000 MNT loan to purchase more products to sell and increase his working capital. He is a really ambitious man who is willing to have his own property.
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.