Borrower Mrs. Oyun is a 38-year-old entrepreneur who has four children and lives with her family in an apartment that she got by mortgage loan. Her elder two daughters attend state universities and the other two boys attend high school and kindergarten.
Previously she has worked as a vet, then she began to operate her own shoe-selling business at the largest outdoor market of the city. Her husband works as a guard man at local airline company.
Oyun is requesting a 3,500,000 Mongolian Tugriks (MNT) loan to purchase a variety of boots for upcoming season. In the future, she plans to increase her working capital and finish her long-term mortgage loan.
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.