Munguntsetseg, 28, is a married lady who lives with her family in a ger, a Mongolian felt tent, in her father’s yard. She has two daughters, ages 2 and 7. Her older daughter attends primary school. Munguntsetseg’s spouse drives a mixer machine.
She supports her family by operating a butcher stall in the second largest outdoor market of Ulaanbaatar city, Mongolia. She is requesting a loan of 1,500,000 MNT (Mongolian Tugriks) to increase her current assets.
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.