Tsermaa is a 55-year-old woman who lives with her daughter and her infirm spouse in a small apartment. Her daughter is a high school pupil, and her husband became infirm a few years ago.
Aside from looking after her spouse, she supports her family by operating a pharmacy business downstairs from her apartment. She is a very hard-working and strong woman who vows to live her life only for her family.
“I have a few years' experience in the pharmacy business and I really appreciate that my business has expanded since I started it. If I buy a cash register, I can save all incoming funds there, not in my wallet. It's more comfortable for me and safer for my micro business,” she said happily.
Tsermaa is requesting a 1,500,000 Mongolian Tugriks (MNT) to purchase a cash register for her pharmacy.
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.