Bolormaa is 49 years old and the mother of three children. She lives in a suburb of Ulaanbaatar city, Mongolia. Her spouse works in Korea by governmental labor contract. In 2011, Bolormaa operated a grocery store but her mother became very sick and she stopped her business for a while.
Now her mother feels better, so she wants to operate her business again as well as looking after her mom. Bolormaa is seeking a Kiva loan to start her small grocery store business again. Her elder son attends college and her other son and daughter attend high school, and her sons will help to her to operate her business until their dad back.
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.