Ms.Tungalag is 43 years old. She is a married woman who has two daughters and lives with her family in an apartment. She supports her family by operating a bakery business at a local outer ger district area while her daughters both attend primary school. Her husband is a geologist at a private company.
Tungalag is requesting a 3,000,000 MNT (Mongolian Tugriks) loan to purchase more products to sell at her small bakery.
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.