Togoo is 48 years old and lives with her husband and daughter in Ulaanbaatar, the capital city of Mongolia. Her family lives in a ger, a traditional Mongolian felt tent, in the outer ger districts of the city. Her husband is a driver and he drives a taxi. Her daughter is an assistant singer at a local theater. Togoo thinks her daughter will be a good singer in the future.
Togoo supports her family by operating a clothing retail stall at Narantuul, the largest outdoor market in Mongolia.
In 1997, her family moved to Ulaanbaatar from the countryside. At this time, when she began her business, she sold her handmade coats to Narantuul market’s retailers, because she didn’t have her own clothing retail stall.
In 1999, she bought her stall with 1 million MNT from her business earnings. From this, her business has grown because she can sell directly to customers. Then, in 2007, her family bought land with 2.5 million MNT and in 2009, her family bought a car with 6 million MNT with her business earnings.
Now, her working capital is about 2 million MNT. Togoo sells her handmade kid’s outfits and other clothes in her stall at Narantuul. In winter, she usually sews children's outfits and coats. With this loan, she will purchase materials for her handmade coats and outfits.
Her goal is to grow her business with this loan and be able to buy her own sewing factory and build her own house.
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.