He started his craft in 1996. His products that commemorate Christ’s birth as well as Buddhist and Shaman items are in good demand from the customers and sometimes he makes things for clients to order. Batmunkh’s future plan is to have his own workshop and to teach his skill to the children. His wife Oyunsuren is a fashion designer and tailor. She makes various clothing according to her own design and sells them on the Narantuul market.
Batmunkh is hardworking, self confident, and an open-minded person. Two years ago he bought a plot of land and a house but could not make any renovations to the house. The loan which he is requesting will be used for renovation and decoration of the house. He intends to invest some of the money in his and his wife’s business, increasing her working capital.
About Credit MongolCredit Mongol is the largest non-banking financial institution (NBFI) in Mongolia. Its mission is to contribute to the prosperity of Mongolians by providing high-quality, affordable and varied financial services to micro-entrepreneurs and small-to-medium-sized businesses. It prioritizes serving remote, rural populations that have typically lacked access to credit and other financial services. Uniquely, it offers solar panel loans to nomadic herders, most of whom live without electricity.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid