Lkhagvasuren is a 38-year-old married man and lives with his wife, son and daughter in Ulaanbaatar city, Mongolia. The family lives in a small house which is located in the outer ger district and lacks the basic infrastructure of the city.
Lkhagvasuren supports his family by operating small grocery store at the local outer ger district. Today he has 2.8 million MNT (Mongolian Tugriks) in working capital. With his last few years' profit he built the small house where the family currently lives. In the future he plans to enlarge his store and increase his working capital more.
So he s requesting a 2,000,000 MNT loan to purchase a variety of goods to sell at his store in order to enlarge and improve his store in the future.
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.