Nyam-Erdene is a bright young man who is trying hard to achieve great success in his life. He operates computer services business at a rented space in an indoor local market in Ulaanbaatar, the capital city of Mongolia. He lives with his wife and 3-year-old son in a ger (a traditional Mongolian felt tent) in the outer ger districts of Ulaanbaatar. His wife works as a designer at a private company and his son goes to kindergarten.
Nyam-Erdene offers services such as copying, scanning, printing, and photo printing on mugs/cups, as well as other computer maintenance services. He owns 4,200,000 MNT (Mongolian Tugriks) worth of equipments and machines at his office.
He is requesting a 3,600,000 MNT loan to purchase additional photo sticker and mug printing machines. As he is usually overloaded with printing orders, he wants to buy one more of these machines with the intention of increasing the productivity of his work. Nyam-Erdene has been running his business for more than four years, hence he is quite experienced. His goal is to establish his own company in the future and improve the living standards of 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.