Borrower Mandakh is a 50-year-old woman who lives with her husband in a local ger district without basic infrastructure located in Ulaanbaatar, Mongolia. She has operated a shoe selling business but now she supports her family by operating a candy selling business at the second largest outdoor market in Mongolia.
She wants to increase her working capital and improve her business. She is requesting a 2.000.000 Mongolian Tugriks (MNT) loan to purchase more sweets to sell.
Furthermore, she wants to increase her business profit and make some changes in her current living conditions.
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.