Borrower J. Bayarsaikhan is a married 53-year-old man who lives with his family in the outer ger (tent) district of the city, which lacks basic infrastructure. He works as a plumber at a local military base.
Bayarsaikhan has one daughter who studies at a local institute of the city. He is requesting a 1,500,000 Tugrik (MNT) loan to pay his daughter's tuition fee for the 2013 school year.
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.