Togoo is 48 and married with a daughter. She lives with her family in a ger, a traditional Mongolian felt tent. Togoo’s husband runs a taxi business and her daughter is an assistant singer at the local opera. Togoo’s family moved to Ulaanbaatar, the capital city of Mongolia, in 1997, and since then she has been selling handmade clothing from a retail stall at the largest outdoor market in Mongolia. Before moving to the city, Togoo worked as a pre-school teacher in the province of Töv, Mongolia.
Togoo sells her handmade clothes along with products imported from Beijing, China. With the business profit she has made in the last few years, her family bought a land plot in 2007. Togoo’s long-term goal is to build a new small house on her land where her family can enjoy a better living standard.
Togoo is requesting a 1,500,000 MNT loan to purchase material she needs to make more clothes for autumn. Her dream is to open her own boutique and to see her daughter become a great opera singer. Togoo is very thankful to the lenders who are showing such generosity and giving her an opportunity to make a change in her life.
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.