Borrower Ms. Khulan is 36 years old and a married woman. She lives with her family in an outer ger (Mongolian housing tent) district, which lacks the basic infrastructure of the city. She supports her family by operating a souvenir stall business at the outer business area of the city. Currently, she has 1,800,000 MNT (Mongolian tugriks) in working capital.
Her business is in its high shopping season since it's the graduation season and also International Children's Day and others. She usually sells stuffed animal toys and other souvenirs. She really wants to increase her working capital by this high shopping season. Thus, she is requesting a 1,500,000 MNT loan to purchase 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.