Otgontsetseg is a 43-year-old woman who lives with her family in Ulaanbaatar, Mongolia. She operates a small clothing sales business, and her spouse works as a manager at a local company. Her daughter and son attend high school and kindergarten. During the summer months, grandparents babysit her children, allowing her to work at her small business.
She graduated as a pharmacist from a local university. However, she started to operate her clothing business in 2008 to support her family. She rents a small stall at the largest indoor market in the city. Her long term goal is to have her own clothing store.
Otgontsetseg is requesting a 2,000,000 MNT (Mongolian Tugriks) loan to purchase more clothes for this fall and increase her product range and selection. She is a Transcapital repeat client and is thankful to all Kiva lenders.
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.