The borrower, Batchuluun, is married and lives with her husband and two children. She supports her family by operating an accessories stall at one of the local indoor markets. She sells bracelets, barrettes, earrings, and necklaces by "Viennois." Now it’s the graduation season, so she wants to increase her working capital in order to buy a variety of accessories, so she is applying for a 2,000,000 MNT loan to buy more goods 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.