Ulambayar is a 28-year-old entrepreneur at the biggest outdoor market of Mongolia. He sells sunglasses during the summer or warm time and sells leather gloves during the winter or cold season. He has two daughters and his elder daughter attends local kindergarten. His spouse helps to him to operate his business while her mother babysits their 1-year-old baby girl.
Now it’s the beginning of the new school year, so his sunglasses business is very popular during this autumn time. He wants to increase his income. His aim in 2013 is to build a house for his family which now lives in a Mongolian felt yurt.
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.