Odgerel is 32 years old and lives with her mother and daughter in Ulaanbaatar, the capital city of Mongolia. Her family lives in a brick house, in the outer ger housing districts of the city. Odgerel’s mother is retired and stays at home, while her daughter attends secondary school. Odgerel supports her family by operating a clothing retail stall at Narantuul, the largest outdoor market in Mongolia.
In 2006, when she first began her business, she sold only leather belts and traditional Mongolian fabric belts. In the beginning stages of her business, she rented a stall at Narantuul from another person who had a rental contract with Narantuul. This was an unstable business situation for her because the middleman could dismiss her at any time. At the time her stall had 1 million MNT in working capital. Usually, it is very difficult to obtain a rental contract with Narantuul because the stalls are in such high demand.
However, in 2009, Odgerel had the opportunity to sign a rental contract directly with Narantuul in order to make her business more stable. Now her working capital is almost 4 million MNT, and she sells many clothing accessories like socks, gloves, hats, and belts. With this loan, Odgerel will purchase small clothing accessories from Ereen City, China. She is hoping to sell the clothing accessories to rural and urban customers who visit Narantuul before the traditional Mongolian Lunar New Year. At this time of year, it is the custom to give small gifts to family members and friends. Odgerel wants to use this loan to help support her in this very busy shopping season of the year.
Odgerel's business goal is to one day operate her own clothing shop. Odgerel also said, "It's my personal goal to support my mother and daughter so they can live happily."
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.