Bumuutsogzol is a 39-year-old widow who lives with her two sons and one daughter in an outer 'ger' district (a district without basic infrastructure) of Ulaanbaatar city, Mongolia. Her elder son and daughter attend local university, while her other son attends secondary school.
Bumuutsogzol has supported her family by operating a clothing retail stall business at the largest outdoor market in of Mongolia for eleven years. When she first began her business, she had one million MNT (Mongolian Tugriks) in working capital. Now she has 6 million MNT in working capital. She sells jeans and trousers, which she imports from Ereen, a border city between Mongolia and China, twice a month.
She is requesting a 1,500,000 MNT loan to purchase jeans and trousers for the upcoming season. “Sometimes it’s really hard to support the family alone, but it’s my responsibility, therefore I must to do that,” Bumuutsogzol says.
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.