Bayarsaikhan, age 41, lives with her family in Ulaanbaatar, the capital of Mongolia. She operates a clothing retail stall at a local market and has made great progress in one year and half.
She has fifteen years of experience in the clothing retail business as she used to operate a retail stall at the largest outdoor market of Mongolia, Narantuul until 2007. Bayarsaikhan started her current business after working in Korea for three years. She usually sells clothes imported from Beijing or Ereen, a border city in China.
She has children aged 18 and 13 who attend local schools and a 22-year-old son who works as a machinist at a local company. Her husband operates a small business in the town as well.
Bayarsaikhan is requesting a 1,300,000 MNT (Mongolian Tugriks) loan to purchase more clothes for the upcoming season. She is a responsible and very neat person who intent on improving her family’s living standards and helping her children to become highly educated people in the future.
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.