Sarantsetseg is a 33-year-old woman who lives with her mother and three younger brothers in an outer ger district without basic infrastructure near Ulaanbaatar, Mongolia. Sarantsetseg's brothers attend local universities and high school.
Sarantsetseg has supported her family for the past six years by operating a beauty salon at the largest outdoor market. When she began her business, she rented one small room; she now rents two rooms and has 3 employees. Sarantsetseg usually offers tattoos, manicures and massages. She takes special care of her employees’ families; therefore, her workers like her and their work. Recently, customers have asked for a tattoo cleaner service. Therefore Sarantsetseg needs a laser machine which refreshes tattoos.
Sarantsetseg is requesting a 3,000,000 MNT loan to purchase a tattoo laser machine, which she really needs for her business.
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.