Chuluunbaatar, 47, is a widow and mother of four children, ages 10 to 26. The family lives in a ger, a traditional Mongolian felt tent, in Ulaanbaatar, the capital city of Mongolia. She has two daughters and two sons. Her oldest daughter is a student, her youngest daughter helps with her business, and both of her sons attend a local public school. Chuluunbaatar is a professional tailor. Since 1988, she has been sewing the traditional Mongolian robe, called a “deel.”
Chuluunbaatar supports her family by operating her handmade clothing business. She usually sews deels to sell them at Narantuul, the largest outdoor market in Mongolia. In the past 23 years, she has won many regular consumers. She purchases the materials for her clothing from Narantuul. Chuluunbaatar is requesting a loan of 700,000 MNT to purchase more deel-making materials to sew deels for the Mongolian national “Naadam” celebration, because there is always more demand for deels during this celebration.
Chuluunbaatar wants to use this loan to improve her business and then build her own small house.
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.