Tumurkhulug is 38 years old and lives with her husband and two sons in Ulaanbaatar, the capital city of Mongolia. She has been operating a retail jewelry stall at Narantuul, the biggest outdoor market in Mongolia, for 11 years. Her husband is a taxi driver and both of her sons attend public school. Her family lives in a small house, in the outer ger (Mongolian felt tent) districts of the city.
She sells silver rings, necklaces, earrings and bracelets, which she purchases from a Turkish wholesale jewelry supplier. Since 2000, Tumurkhulug has been successfully running her business and with her profits, she built a new small house with a garage in 2007.
Today she has 7,000,000 Mongolian Tugriks (MNT) in working capital.
As Tumurkhulug has gained solid experience in past few years, she would like to improve her living and working conditions by increasing her working capital. She wants to expand her business in an indoor market instead of outdoors, since the working condition are affecting her health. She is requesting a 2,000,000 MNT loan to purchase more jewelries.
In the future, she wants to be able to run her business without any difficulties in an indoor market. She is ambitious and bright about her future and also, she hopes she can support her sons' education.
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.