Borrower Bayasgalan is a 33-year-old married woman who lives with her family in a district without basic infrastructure near Ulaanbaatar, Mongolia.
Bayasgalan supports her family, by operating a clothing retail stall business at largest outdoor market in Mongolia. She has been doing this for 7 years. She sells clothes which she imports from Ereen, a border city between Mongolia and China. She also sells clothing which she makes herself.
She is an ambitious lady who wants to expand her business as well, so she is requesting a 1,500,000 MNT (Mongolian Tugriks) loan to purchase more clothing for autumn.
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.