Saranchimeg is a 46-year-old married entrepreneur who lives with her family in a ger, a traditional Mongolian felt tent, in the outer ger district of Ulaanbaatar, Mongolia, which is an area without basic infrastructure. Her husband works at a court organization while their children attend local university and high school.
Saranchimeg has supported her family since 1999 by operating a children's clothing business and a grocery store. Currently, she sells clothes at the second largest outdoor market of Ulaanbaatar city. December is a very busy shopping month, so entrepreneurs need more products or working capital after December of each year.
Saranchimeg is requesting a 1,000,000 MNT loan to purchase more clothes to sell for the upcoming season in order to increase her working capital. 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.