100%

funded

Total loan: $1,675

Soninbat

Flag of Mongolia
Ulaanbaatar, Ulaanbaatar, Mongolia / Manufacturing

Soninbat's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped To purchase more materials to make handmade shoes.


Soninbat's story

Soninbat is 42 years old and lives with his wife and daughter in Ulaanbaatar, the capital city of Mongolia. His family lives in a small house, in the outer ger (traditional Mongolian felt tent) districts of the city. His daughter attends public school. Soninbat and his wife operate a shoe manufacturing business. When they first started their business in 2007, they made shoes at their home. Today their business has grown so that they have 2,600,000 MNT in working capital and they have rented premises. They manufacture traditional leather shoes. With this loan of 2,000,000 MNT, Soninbat will purchase a large amount of leather/material for handmade shoes during this period when the prices are lower.