Narantuya is a 50-year-old widow who lives with her son, daughter, daughter-in-law, and two grandchildren in outer ger district (which lacks basic infrastructure), outside of Ulaanbaatar, Mongolia.
She supports her family by operating a clothing stall business at the largest outdoor market in the city. She first began her business in 1998 at a local market. Currently, she has 2.5 million MNT (Mongolian tugriks) in working capital.
Now it’s the very high shopping season in our country. It’s the New Year holiday, thus, Narantuya wants to increase her working capital by purchasing a variety of clothes to resell.
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.