Altantsetseg is a 28-year-old widow who operates a clothing stall at a local indoor market. She has rented a small stall and sells women's clothes and trousers. She imports her products from Ereen, a border city between China and Mongolia.
Altantsetseg is requesting a 1,800,000 MNT (Mongolian Tugriks) loan to purchase a variety of clothes for the upcoming season. August is a high shopping month in Mongolia, so she wants to increase her working capital.
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.