Oyunbileg is 45 years old and lives with her husband and daughter, ages 12, in the outer ger district Ulaanbaatar, Mongolia, without the basic infrastructure of the city. Her daughter attends a local high school.
Oyunbileg supports her family by operating a recycling raw materials buying business. She has been in this business for eleven years. She buys recycling materials such as pots, bottles, brass, copper and sell them back to the factory. Her husband helps her in the business. Their long term goal is to own an apartment and make better living condition for their daughter and to improve their business and increase their working capital.
Today their working capital has decreased, so Oyunbileg needs capital in order to continue her own business. So she is requesting a 3,000,000 MNT (Mongolian Tugriks) loan 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.