Otgonbayar is 28 years old and the mother of two sons, aged 2 and 8. She lives with her family in the outer ger (tent) district, which lacks the basic infrastructure of Ulaanbaatar city, Mongolia. Otgonbayar supports her family by operating a clothing business. She knits and sews blouses and jackets using camel wool.
Previously, she was rented a small stall at the largest outdoor market in the city. Since the beginning of this year, she knits her products at home and sends them to the suburbs to be sold. She will use the requested loan to buy a variety of yarns.
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.