Enkhtuya is a 44-year-old widow who lives with her 11-year-old son in an outer ger district of Ulaanbaatar city, Mongolia, without basic infrastructure. Though she is specialized as a pharmacist, she supports her family by operating a used shoe sale business at the largest outdoor market of Mongolia.
She has been operating her current business since 2001 and her income ranges from about 103,000 to 480,000 Mongolian Tugriks (MNT) in a day. In the winter season her business is popular with poor families, so she needs more products to sell. Thus, she is requesting a 3,000,000 MNT loan to purchase a variety of used shoes to sell for the upcoming traditional Mongolian holiday.
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.