Baasanjargal is a 44-year-old married woman who has a son and a daughter. She has lived with her family in an outer ger district of Ulaanbaatar, Mongolia since 2008, having moved there from Darkhan province.
Baasanjargal supports her family by selling household or home furnishing goods at a local indoor market. She wants to use this Kiva loan to increase her working capital and to purchase facilities for study.
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.