Tsendzesem is 26 years old and a widow who lives with her five-year-old daughter in an outer ger district of the city. Her mother is a trusted repeat Kiva client and she suggested to her daughter that she apply for a Kiva loan. Tsendzesem operates a retail stall at the second largest outdoor market of the city where she sells a variety of hats and caps that she imports from Ereen city.
Tsendzesem is requesting a 1,000,000 MNT loan to purchase hats to sell.
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.