A loan of $2,575 helped to purchase the large numbers of shoes from his supplier to increase his working capital.


Erdenebat's story

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.



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