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.
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.