Mungunzul, 31, is married and lives with her husband and daughter, aged 9, in Ulaanbaatar, the capital city of Mongolia. The family lives in a 'ger', a traditional Mongolian felt tent, in the backyard of her husband’s workplace. Her daughter goes to primary school.
Mungunzul helps support her family by operating a retail stall at “Undram” center. When she first began her business in 2010, she had 1,000,000 Mongolian Tugriks (MNT) in working capital but she has since expanded it to 1,800,000 MNT in working capital and she sells bags, wallets and remembrances. She purchases her products from Ereen, a border city in China. She is applying for a loan of 600,000 MNT to buy more bags, wallets, presents and remembrances to sell to her customers before “Mothers and children holiday”.
Her main goal is expand her business and then to be able to buy her own small house and yard.
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.