Tsetseg-Ulzii is a 53-year-old widow who lives with her 29-year-old daughter in a ger, a Mongolian traditional felt tent, in Ulaanbaatar city, Mongolia.
Since 2006, she has been operating her own fast food service business. Her business is located in the heart of the city, so she attracts many customers. She has one employee.
Tsetseg-Ulzii is asking for a loan to renovate the outside of her fast food business. In the future, she plans to improve her business in order to create good working conditions.
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.