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Khuderbat
Khuderbat, 34, makes Mongolian traditional shoes by hand, and he lives with his wife and his son in the slum district of Ulaanbaatar, the capital city of Mongolia. For 14 years, he has been making shoes and has gained a lot of experience in it. He sells his hand-made shoes wholesale to sellers at a bazaar called Narantuul, an international market, and they sell to the clients. Clients always feel satisfaction to buy his shoes.

Now he is planning to expand his business, but first he must renovate his shoe-craft tools and equipment. Also, he needs to purchase the raw materials such as leather for making shoes. This will enable him to increase his earning further and improve his family's living conditions.

He took a loan once before and repaid it successfully on time.

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
  • 1,254.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Khuderbat to renovate his shoe-craft tools and equipment and purchase the raw materials for shoemaking.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2011
Listed
Sep 19, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012