Mandakh's Buleg Group
Mandakh has been supporting her family by operating a felt manufacturing business since 2004. She usually sews felt sandals and souvenirs and sells them at a local indoor market. During the summer time there are many tourists in Mongolia and they are really overjoyed to buy traditional felt souvenirs and sandals.
Mandakh wants to expand her business in order to increase her working capital during the tourist season in Mongolia. So she is requesting a 1,000,000 MNT (Mongolian Tugriks) loan to purchase raw materials to make more products.
About TranscapitalTranscapital 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.
This is a Group Loan
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Success!! The loan was 100% repaid