Borrower Mrs. Altantuya is a 39-year-old married entrepreneur. She lives with her spouse and 5-year-old daughter, who attends kindergarten in Ulaanbaatar City, Mongolia. She supports her family by operating a floorcloth-selling business at the largest outdoor market of the city. Her spouse, Dambii, helps her to operate her business.
With the help of this loan, she plans to increase her working capital and to attract more customers.
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.