Borrower Battulga is a 44-year-old widow who lives with her two children in an outer ger district, which lacks the basic infrastructure of the Ulaanbaatar city, Mongolia. Her children are attending university and high school, while she supports her family by operating a clothing stall business at a local indoor market. Battulga has operated this business since 2008.
She usually sells womanswear, especially high heels, a variety of blouses, skinny trousers for young girls etc. which she imports from Beijing once every 2 months.
The end of spring/beginning of summer is graduation season in Mongolia, so Battulga wants to increase her working capital and attract more customers during this period. She is requesting a 2.500.000 Mongolian Tugriks (MNT) loan to purchase a variety of clothes to sell during the graduation season.
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.