Erdenesuvd is 31, single, and a micro-entrepreneur. She lives in a small house in Ulaanbaatar, the capital city of Mongolia. She studied to become a tourism manager. She sells machine oil and motor oil at her two stalls with help from her younger brother. She also helps and supports her younger brother’s family by operating her business.
When she first began her business in 1996, she was only 16 years old and she had 20,000 MNT in working capital at her small stall. Since this time, she has been working hard and her business has grown so that today she has 2,000,000 MNT in working capital invested in her two stalls. She built her own small house with her business earnings in 2010.
She wants to use this loan to help support her during this very busy shopping season of the year. She is requesting a 1,200,000 MNT loan to purchase more machine oil and motor oil to sell.
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.