Altantsetseg is a 42-year-old widow who lives with her daughter, aged 5, in Ulaanbaatar, the capital city of Mongolia. Her daughter attends kindergarten. Altantsetseg supports her family by operating a clothing retail stall at Narantuul, the largest outdoor market in Mongolia. She is a professional expert on merchandise. She worked as expert on merchandise from 1993 to 1996.
When she first began her business, she had 1,000,000 Mongolian Tugriks (MNT) in working capital. Now she has 3,000,000 MNT in working capital. She sells jeans and trousers from Ereen, a border city of China. She is requesting a loan of 1,000,000 MNT to increase her jeans and trousers variety.
Her goal is to expand her business and then to be able to improve her daughter’s 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.