When Unur started her business in 2000, she had 1,000,000 Mongolian (MNT) in working capital. Today, her business has grown so that she now has 2,000,000 MNT in working capital. For the past 11 years, Unur has been selling jean trousers from Ereen, a Chinese border city, and the profits have helped sustain the family and improve their living conditions. For example, she and her husband were able to buy their own yard upon which they built their small house with their business earnings in 2010. Unur is now requesting a loan of 1,000,000 MNT to purchase more jean trousers.
Unur wants to expand her stall with this loan and then be able to build their own small pickled cucumber enterprise.
About TranscapitalTranscapital 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.
0View loans »