Gantuya is a 36-year-old married woman who lives in the outer district of Ulaanbaatar, the capital city of Mongolia. Her children attend college, high school and kindergarten.
She has been operating her own clothing business since 1998 at the largest outdoor market. She imports products from Bejing, China once a month. Summer is a very profitable season in Mongolia; customers need summer suits, dresses, etc., thus she needs new clothes to sell.
Gantuya is requesting a 3,000,000 MNT (Mongolian Tugriks) loan to purchase fashionable summer clothes from Beijing in order to increase her current income. She is our new Kiva client loan who is striving to support her family by her business and give a happy life to her son and daughters.
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.