Bolormaa is a 37-year-old married woman who lives with her son, daughter and spouse. Both of her children attend high school. She supports her family by operating a jewelry selling business with support from her husband.
She started her business in 1998 when she rented a stall. She now she has about 4,000,000 MNT in working capital. She is requesting a 2,000,000 MNT loan to purchase more jewelry to sell since the spring is a popular season to sell jewelry.
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.