Unurtsetseg is a 51-year-old married woman who lives with her husband, daughter and son in a local ger district (felt tent district without basic infrastructure) of Ulaanbaatar city, Mongolia. Her profession is teacher and her spouse is a driver for the largest local trade company.
While Unrtsetseg's children are attending state university and secondary school, she is supporting her family by operating a stationary business she started in 2009. Now she has a stall at the local outer market and she sells pens, school bags, books and notebooks. She usually buys her products from wholesale suppliers and other local markets. Sometimes she imports from Ereen, a border city of China and Mongolia.
Unurtsetseg is requesting a 1,900,000 Mongolian tugrik (MNT) loan from Kiva lenders to purchase more school stationary and other related products to meet the demand of upcoming preschool shopping. She is a responsible client of Transcapital who has repaid her previous loan successfully.
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.