Byambaa is a 42-year-old hard-working woman who helps her entire family to get ahead. She lives with her husband and four children in a small house in the outer district of Ulaanbaatar, the capital city of Mongolia. Byambaa’s youngest son and daughter both attend university in Ulaanbaatar while her husband helps to run the business.
Byambaa is a professional tailor; however she stopped her career in 1996 to start a new business at “Denjiin 1000”, a local outdoor market, selling used fridges and refrigerators with working capital of 400,000 MNT (Mongolian Tugriks). In 1999, she moved to Narantuul, the largest outdoor market in Mongolia to expand her business.
She buys used fridges from local people at low prices to fix and renovate. After such repairs, Byambaa sells the fridges and refrigerators at a higher price. As she has been running this business for 15 years, she is well-experienced in the field. Since the start of the business, the working capital has increased to 3,000,000 MNT. She supports her family plus she pays tuition fees for her children.
Byambaa is requesting a 1,500,000 loan to purchase more used fridges as the business makes fine profits during the summer. She is well-organized and punctual person who is striving to improve the living standard of her family.
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.