Ms. Munkh-Us is a married, 43-year-old woman who lives with her spouse and baby daughter in the outer 'ger' district (which lacks basic infrastructure) of Ulaanbaatar, the capital city of Mongolia. She supports her family by operating a stall at one of the largest outdoor markets of the city. She sells cookies, biscuits and cakes.
With this loan, she will purchase more products to sell in order to increase her working capital.
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.