Borrower Gantuya is a 34-year-old married lady who lives with her husband in a ger, a traditional Mongolian felt tent. They live in the outer ger district, which lacks basic infrastructure, of Ulaanbaatar city, Mongolia.
Since 2003, she has been operating her current business at the largest outdoor market of Mongolia with special help from her spouse. They usually sell leather wallets, gloves, and other items, which they purchase once or twice a month in Ereen, a border city between Mongolia and China.
Gantuya has about 3.8 million MNT (Mongolian Tugriks) in working capital. In Mongolia it is now the beginning of spring season, so Gantuya needs more goods to sell. So she is requesting a 3,000,000 MNT loan to purchase more goods to sell at her small 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.