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Erdenebat
Mr. Erdenebat, 43, is a taxi driver in Ulaanbaatar, the capital city of Mongolia. He has been driving for a year and already has had many customers. He lives with his wife and his 4 children in a common apartment.

Last autumn, Mr. Erdenebat started his second business as a shoe retailer in the supermarket. On average, he sells 3 or 4 pairs of shoes in a day. He believes it will be a main part of his family income. Now he needs some money to purchase the large numbers of shoes from his supplier to increase his working capital. Then he could raise his sales volume after a month according to his business plan.

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
  • 20
    View loans »
    Mongolia Loans Fundraising
  • $15,289,050
    Funds lent in using Kiva
  • 1,360.0
    Mongolia Tugriks (MNT) = $1 USD
Expired
A loan of $2,575 helped Erdenebat to purchase the large numbers of shoes from his supplier to increase his working capital.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Expired:
Mar 4, 2012