Borrower Ms. Davaatseren is married and 49 years old. She is an entrepreneur at the second largest outdoor market of Ulaanbaatar city, Mongolia. She lives with her husband and daughter in a small apartment. Her spouse is a driver at a local bus company, while their daughter works as a chemist at Oyu Tolgoi LLC.
Now it is the high shopping season, and Ms. Davaatseren wants to purchase a variety of shoes to sell.
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.