Erdenetsetseg is a 38-year-old married lady who has two sons and lives in the outer 'ger' district of Ulaanbaatar, Mongolia. Both of her sons attend the local high school. Erdenetsetseg supports her family by operating a fruit selling business. With her husband’s special help she operates her business successfully.
This loan will be used to purchase a variety of fruits. As Erdenetsetseg wants to increase her working capital, she is requesting a loan for 4,000,000 Mongolian tugriks (MNT) to purchase fruit. She says, "From now on, my husband and I must create savings for our sons' higher education fees; therefore, we must increase our income.”
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.