Borrower Ms.Tsetsegjargal is a married 43-year-old woman. She lives with her husband, two daughters and son in the capital city, Ulaanbaatar, Mongolia, in the outer ger district, which lacks basic infrastructure. She supports her family by operating a small grocery store business, while her spouse is working as a truck driver.
Her elder two daughters are graduating from universities, so Tsetsegjargal needs more money to spend for their graduation expenses and pay off the last tuition fees.
Thus, Tsetsegjargal is requesting a 2,500,000 MNT loan to pay tuition fees and also spend on graduation expenses.
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.