Amgalan, age 47, lives with her husband and 6-year-old granddaughter in a ‘ger’ (Mongolian traditional felt tent) in a suburb of Ulaanbaatar, the capital city of Mongolia. Her husband, Altangadas, helps her to run the business and her granddaughter attends local primary school.
Amgalan is a professional shoemaker. She was retrained in a shoe-making specialty in the Czech Republic, from 1985 to 1986. She was working on her career until 2000 and later she started to run her own business at Narantuul, the largest outdoor market of Mongolia. Amgalan manufactures curtains, felt covers (for Mongolian ger) and kids’ shoes at home and sells them at Narantuul. The business profitability is relatively high during the spring and summer seasons. Today, she has working capital of 3,000,000 MNT (Mongolian Tugriks) and hopes to increase it in the future.
She is requesting a loan of 1,000,000 MNT to purchase more materials to make curtains and felt covers. By doing so, she can increase the number of products to she has available to sell which will later help to develop the business. Her aim is to have her own large capacity workshop where she can manufacture more products.
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.