A loan of $975 helped to purchase raw materials to produce more finished goods.

Erdenebaatar's story

Erdenebaatar and his wife started their cashmere-product manufacturing business in 2005. Besides their full-time jobs at different local companies, they manage to run their home-based business successfully.

They produce pure cashmere out of raw cashmere by themselves; hence the products are completely handmade and qualified. They make various products such as baby boots, slippers, hats, blouses and so on.

The business income is considerably high during the tourist season; therefore Erdenebaatar is requesting a 1,200,000 MNT (Mongolian Tugriks) loan to purchase raw materials in order to make more products before Naadam, the biggest Mongolian National Holiday, where large numbers of tourists come to see Mongolia.

He has a 1-year-old baby boy and a 4-year-old daughter. His family lives in a small apartment in Ulaanbaatar, the capital city of Mongolia. The couple wishes to expand their business and establish their own company in the future.

Loan details

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Loan details