Tsendsuren is a 29-year-old, young Mongolian lady who lives with her fiancé, younger brother and mother on her sister’s plot of land which is located in an outer ger district (district without basic infrastructure) of the capital Ulaanbaatar city.
Tsendsuren got a specialized bachelor degree in Accounting in 2007 and has worked at local companies for two years. Regardless of her profession, since 2009, she has been operating a clothing business at a small stall in an indoor market. Tsendsuren usually imports her products from Ereen, a border city of China. Her younger brother works in the local province.
She is requesting a 1,500,000 MNT loan from Kiva lenders to import more fall-designed clothes in order to increase her working capital and raise income. She is a repeat client of our NBFI and she wishes to have her own clothing store 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.