Chimgee is a 35 year-old married lady who lives with her family in Ulaanbaatar, the capital city of Mongolia. They live in a ger, traditional Mongolian felt tent in the outer 'ger' district (a district without basic infrastructure). Chimgee’s son and daughters are both secondary school pupils.
Chimgee supports her family by operating a retail clothing stall at the largest indoor market in Mongolia. When she first began her business in 2008, Chimgee had 800,000 MNT in working capital. Today, her business has grown and she has about 8,000,000 MNT in working capital. Chimgee sells jeans and trousers. “I want to grow my business more with this loan and I would like to be able to buy my own apartment in the future and live there with my family,” she says.
Chimgee is requesting a loan of 3,000,000 MNT to increase the variety of jeans and trousers she sells because as she says, "because it’s the time of high shopping season in Mongolia."
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.