Urandari is 27 years old, married, and has one child, who attends school. They live in a small house in Mongolia’s capital, Ulaanbaatar. Her husband is a taxi driver. Urandari’s mother, who lives with them, is retired.
Urandari supports her family by operating a retail stall at the local accessories shop. She sells clothes and accessories at a low price so demand for her products is high. She is planning to expand her business so that she can rehabilitate her own small house.
With this loan of 3,000,000 MNT, Urandari will purchase more clothes and accessories from Ereen City, China. She 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.