Batjargal is a 46-year-old widow and entrepreneur who lives with her five children in the outer ger district of Ulaanbaatar, the capital city of Monngolia, without basic infrastructure. Two of her children attend local high school and institute. The other three are working at the Wagner Asia company.
From 2005 to 2009 she worked as a chef. After that she supported her family by operating a cosmetics sales business at the local small indoor market. She has 1,800,000 Mongolian Tugriks (MNT) in working capital. She rents one small stall and sells a wide range of cosmetic products such as hair colors, shampoos, toothpastes, hair gels, toilet tissues, wet tissues, face creams, etc.
After the Christmas and New Year holidays, her business needs money to purchase more products in order to increase working capital. Thus, she is requesting a 1,000,000 MNT loan to purchase cosmetic products to sell in her stall.
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.