Davaanyam is a 31-year-old married man who lives with his wife and daughter. He has been operating a stall business since 2003 and since 2009 he has been operating a candy-, cake- and biscuit-selling business at one of the biggest indoor food markets of the city.
With his business income he bought an apartment and lives with his family there.
With this loan he will purchase a variety of goods to sell in order to increase his working capital. So he is requesting a 3,000,000 MNT loan to purchase more products to sell.
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.