Ganchimeg is a 29-year-old widow who lives with her son and parents in a small apartment in Ulaanbaatar, Mongolia. Although she specialized in accounting, she supports her family by operating an office clothing business at a local indoor market.
Her long term aim is to create a great and comfortable opportunity to study and live with her son, so she is requesting a 3,500,000 Mongolian Tugrik (MNT) loan to purchase more office clothes to sell.
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.