Tsetsegmaa is a 61-year-old widow who lives with her son aged 21 in a small apartment in a local district of Ulaanbaatar, Mongolia. Her son works as a chemist at a mining company.
She has been supporting her family by operating a clothing sale business since 1998 at the second largest outdoor market of Mongolia. Her business is very popular during all four seasons of the year.
Tsetsegmaa is requesting a 1,500,000 Mongolian Tugriks (MNT) loan to purchase more clothes to sell for the upcoming season. Also, she is a very trusted client of Transcapital Co Ltd.
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.