Borrower Narantsetseg is a 47-year-old married woman who lives with her family in a small apartment. She has operated a food stall business for 16 years at a local indoor market. Her husband is an on-call plumbing manager, and his business is very popular during the spring, summer and autumn.
Now it’s the beginning of spring season; therefore, he needs some tools for operating his business besides his wife’s income. Their daughter studies at the local university, so the family needs study fees.
Thus, Narantsetseg is requesting a 2,000,000 Mongolian Tugriks (MNT) loan to purchase necessary plumbing tools for her spouse’s business.
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.