Ms. Togsuren is a 38-year-old widow who lives with her two sons and father in an outer ger district of the city. She supports her family by operating a shoe-sewing business in a rented place. While she operates her business, her father babysits for her children. Her long-term aim is to own a small shoe-selling factory; therefore, she needs to improve her business. She is requesting a 1,700,000 MNT loan to purchase two kinds of sewing machines.
With these two machines, she can improve her business and make it successful.
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.