Funded

Total loan: $750
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Zorigtbaatar


A loan of $750 helped to purchase shoemaking materials.


Zorigtbaatar's story

Zorigtbaatar G. is 39 years old and lives with his wife and three children in the Arhangai province of western Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. The two oldest children go to a local middle school. Zorigtbaatar has been making traditional Mongolian shoes by hand since 1992 and started operating a transportation business in 2008. His working capital was 60,000 MNT in the very beginning of his shoemaking and now the working capital exceeds 800,000 MNT.

Zorigtbaatar would eventually like to expand his shoemaking business. The continued growth of both businesses - transportation and shoemaking - has enabled him to purchase a car and to improve his family's quality of life. Zorigtbaatar works hard and is a modest, easygoing person. He says, “I hope to operate a stable business so that I can continue to provide for my children's education.” He is requesting a 1,000,000 MNT loan to purchase shoemaking materials such as glue, leather, rubber and tools as well as car repairing materials.



Loan details

Loan length:

14 months
Disbursed date: June 8, 2010

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 8, 2010