Baasakhuu is 39 years old, has two sons and lives with her family in Ulaanbaatar city, Mongolia.
She is a seller at a local food shop while her spouse works as repairer. During the summertime, she and her spouse are required to pay her elder son’s tuition fee, but unfortunately her father-in-law had medical problems, so she gave her money for her father-in-law’s treatment fees.
For this reason she couldn’t pay her son’s tuition fee, thus she requests a Kiva loan to pay her son’s fee.
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.