Nasanjargal is 53 years old and has one son, age 28. She lives with her family in the outer Ger district, a district without basic infrastructure, of Ulaanbaatar city, Mongolia. She has run an auto repair service business for the past few years because the Mongolian aftermarket is very popular.
She initially rented a small container, which is located at the largest local auto market in Mongolia, with her son operating the business. Nasanjargal purchased her products & auto supplies from other wholesale suppliers and sometimes from Ereen, a border city between Mongolia and China.
Then her family decided to own this container, bought using their working capital, so they don’t have enough money to purchase necessary products needed by their customers. For this reason Nasanjargal is requesting a loan for 3,000,000 Mongolian Tugriks (MNT) to purchase products and improve her business in order to increase her working capital.
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.