Ms. Baigalmaa is a 34-year-old married woman who has three children and lives with her family in Darkhan city, Mongolia. Darkhan is the second largest city of Mongolia and Transcapital's new branch was opened here in January 2013. The family lives in a ger, a traditional Mongolian felt tent, in the outer ger district of the city. Her two daughters attend high school and her son attends kindergarten.
Baigalmaa supports her family by operating a retail stall at the local market in the city. She really appreciates this Kiva loan and she hopes she can make a larger profit with the special help of this Kiva loan. She is requesting a 2.000.000 MNT loan to purchase a variety of products for the upcoming season.
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.