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Erdenebayar
Mr.Erdenebayar is 36 years old and lives with his wife and three children in Ulaanbaatar, the capital city of Mongolia. They live in a ger, a traditional Mongolian nomadic tent. His children attend a local secondary school. Erdenebayar has been running a tailoring family business since 2004 with the help of his wife. Untill 2008 they used to make fur hats from different animal furs and in 2008 they started making Mongolian national dresses only. They use their home as a workshop. Mongolian national deresses are fashionable nowadays, especially before the national celebrations, weddings and school graduations ceremonies. Not many tailors can make them because it requires special, inherited skills. Mr.Erdenebayar is asking for a loan to buy one more sewing machine and more silk materials to make national dresses for his customers.

Additional Information

About Credit Mongol

Credit 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 Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,307,900
    Funds lent in using Kiva
  • 1,220.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Erdenebayar to buy a sewing machine for leather materials and more silk materials to make national dresses for his customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2011
Listed
May 18, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012