Delgermurun is 35 years old and lives with her husband and two daughters, ages 10 and 12 in Ulaanbaatar, the capital city of Mongolia. Her family lives in a small house in the outer ger (traditional Mongolian housing tent) districts.
She sells clothes at Narantuul, the largest outdoor market in Mongolia. Her husband works as a plumber at a local company.
Usually, it is very difficult to obtain a rental contract at Narantuul because the stalls are in such high demand. When Delgermurun first began her business in 2003, she rented a stall at Narantuul from another person who had a rental contract with Narantuul. This was an unstable business situation for her because the middleman could dismiss her at any time.
In 2005, however, Delgermurun had the opportunity to sign a rental contract directly with Narantuul in order to make her business more stable. Now her working capital is 3,300,000 Mongolian Tugriks (MNT), and she sells clothes at her own two stalls.
For the past 8 years, Delgermurun and her husband have been successfully improving their living conditions gradually. For example, they built their own small house in 2010 and then they bought a used car with 8,000,000 MN of their business earnings in January, 2011. So, Delgermurun’s working capital decreased.
With this loan of 2,500,000 MNT, Delgermurun will purchase more clothes from Ereen City, China. Delgermurun wants to use this loan to help support her in this very busy shopping season of the year.
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.