Gunjilmaa is 43 years old. She is married and lives with her family in the outer ger district, an area without basic infrastructure, in Ulaanbaatar, Mongolia. Gunjilmaa’s family lives in a ger, a traditional Mongolian felt tent. Both of her daughters attend secondary school while her elder son works as a driver at local company.
For the past 10 years, Gunjilmaa has supported her family by operating a retail clothing stall at the largest outdoor market of Mongolia, with help from her husband. She usually sells women’s clothes which are imported from Ereen, a border city between Mongolia and China. Today, her working capital is 3,000,000 MNT.
Gunjilmaa is requesting a 2,000,000 MNT loan to purchase more clothing and increase the range of goods she offers. Gunjilmaa is a responsible client who has repaid previous loans. Her long-term aim is to build a new house.
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.