Bayarmaa is a 45-year-old married woman who operates a jewelry selling business at the largest outdoor market of Ulaanbaatar, Mongolia. She has two daughters and both of them are married. Bayarmaa's husband works as a wood engraver at local company.
Bayarmaa has experience in a stall business. She has been operating her stall business since 1997, and at the largest outdoor market since 2000.
Now it is the holiday season; thus, she wants to purchase more jewelry to sell during the Christmas and New Year season.
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.