Borrower Javzandulam is a 46 year old hardworking woman who lives with her husband and two sons in outer ger district, without basic infrastructure, of Ulaanbaatar city, Mongolia. Her eldest son works as a packman while her other son attends a local university and their father works as a security man.
She has supported her family by operating a small grocery store business since 2005. Currently she has 2.5 million Mongolian Tugriks (MNT) in working capital. Her small store is very popular in that location. During the Christmas and New Years holidays she needs more products to sell. Therefore, Javzandulam is requesting a 3.000.000 MNT to purchase necessary products such as ham, meat, foods and fruits.
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.