Ulziibayar is a 32-years-old married mother who has a son and a daughter and lives with her family in an outer ger district of Ulaanbaatar city, Mongolia, where she lacks basic infrastructure. She supports her family by running a public transportation business.
Her current business isn't profitable enough to her family and also running a public transportation business is very hard for a woman, thus she wants to operate another business.
Her sister-in-law has advised her to operate a business making building blocks, because nowadays people who live in the outer ger districts are really focused on their safety, so they are replacing their yard fences with blocks and are also covering their houses with blocks.
First, Ulziibayar must purchase a building block making machine, therefore she requests 3,900,000 Mongolian Tugriks (MNT). Her goal in the future is to make good quality building blocks to sell in order to provide people with safety and better living condition. “With the help of this loan and the kind support of lenders, I can reach my goal” she said.
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.