Sarantuya is a 39 year old and lives with her family in the outer ger district of Ulaanbaatar city, Mongolia. She supports her family by operating a felt souvenir business. She usually makes felt bags, saucers and sandals. Foreigners who are travelling in Mongolia are customers of her. Saraa distributes her goods to local indoor and outdoor markets, stalls, whole suppliers and souvenir shops. Summer is the very high shopping season for her business because a lot of tourists came here to travel and they do shopping through souvenir shops. Thus she is requesting a 2.500.000 Mongolian Tugriks (MNT) loan to purchase felts to make her goods for sale. In addition, she is one very trusted client of our institution.
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.