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Erdenebaatar
Erdenebaatar and his wife started their cashmere-product manufacturing business in 2005. Besides their full-time jobs at different local companies, they manage to run their home-based business successfully.


They produce pure cashmere out of raw cashmere by themselves; hence the products are completely handmade and qualified. They make various products such as baby boots, slippers, hats, blouses and so on.


The business income is considerably high during the tourist season; therefore Erdenebaatar is requesting a 1,200,000 MNT (Mongolian Tugriks) loan to purchase raw materials in order to make more products before Naadam, the biggest Mongolian National Holiday, where large numbers of tourists come to see Mongolia.


He has a 1-year-old baby boy and a 4-year-old daughter. His family lives in a small apartment in Ulaanbaatar, the capital city of Mongolia. The couple wishes to expand their business and establish their own company in the future.

Additional Information

About Transcapital

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.

About Mongolia

  • $2,175
    Average annual income
  • 3
    View loans »
    Mongolia Loans Fundraising
  • $15,310,900
    Funds lent in using Kiva
  • 1,258.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Erdenebaatar to purchase raw materials to produce more finished goods.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2011
Listed
Jul 4, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012