Borrower Ms.Purevsuren is a 57 year-old married woman. She has a 17-year-old daughter who attends high school and a son who is married. She lives with her spouse and daughter in a small apartment.
She supports her family by operating a wool products manufacturing business. She purchases combed wool and then she manufactures products with the wools. After that, she sells the products to local indoor markets and others.
She is requesting a 3,000,000 MNT loan to purchase combed wool, since the cost is cheaper during the spring 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.