Khishigjargal is a 37-year-old woman who trained as a professional plasterer. She lives with her husband and three kids in a 'ger' (Mongolian yurt) in the suburbs of Ulaanbaatar, the capital city of Mongolia. Her oldest son is a student at university while the other two attends local secondary school. Khishigjargal has been operating a shoe-making and -retailing business since 1998, together with her husband.
Khishigjargal sells their handmade shoes at a large outdoor market in Mongolia. Over the past years, they have gained a large number of customers from the countryside therefore they make shoes to order as well. Her husband makes handcrafted shoes together with one person while Khishigjargal runs the stall. The business profitability depends on the season yet the business goes well all the time.
She is requesting a loan of 3,000,000 MNT (Mongolian Tugriks) to make more shoes for the spring and summer seasons. She is a hard-working woman who wants to provide her children with an excellent education. She is also one of our trusted clients.
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.