Borrower Mr. Tsogt is 50 years old, married and lives with his family in a small apartment in Ulaanbaatar city, Mongolia. He has a son and a daughter, both of them are employed. His spouse is a retired accountant. Now she stays at home, since she walks with a stick.
Since 2010, Mr. Tsogt has run a taxi business and supports his family by operating this business. Recently, his mother had a serious illness so his family needs money for her treatment. This loan will be used for his mother’s treatment fee. Tsogt’s short term wish is to quickly treat his mother.
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.