Dulamdorj is a 47-year-old woman who has three children, age 13 to 24, and lives with her family in an outer ger district of Ulaanbaatar city, Mongolia, without basic infrastructure. Her two daughters attend local high school while her son and his spouse work as a machinist and a builder.
Since 1995, she has been operating a clothing sales business in the second largest outdoor market of Mongolia. She a sells wide range of clothes imported from Beijing and Ereen, a border city of China, where she travels once or twice in a month.
She is requesting a 1,000,000 MNT loan to purchase more clothes to sell for the upcoming season in order to increase her current 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.