In 2000, Khishigbayar and his wife started a shoemaking business and have since accumulated huge experience in making traditional Mongolian handmade shoes. These shoes are very popular in Mongolia and they are very comfortable and warm in winter time. Currently, they use their family house as a workshop. Since the business is expanding and the children are growing, this is becoming a big problem for them. Therefore, they are planning to add an extension to the house and use it as a workshop in the future. Mr. Khishigbayar and his wife are very hardworking people with much motivation and set goals to expand their business and to provide their children with a good education. At the moment, they want to buy a dust remover for the workshop and another sewing machine which will help them increase the varieties of shoes they make.
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.
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