Iderbaatar started to make furniture for ger (Mongolian yurt) in 1990. A ger is Mongolian nomadic tent, consisting of a wooden frame, felt walls and felt insulation. Gers are designed to be easy to take apart, transport and reconstruct, and are environmently friendly compared to construction of a house or an apartment.
Custumors appreciate his products as quality and fashionable. Iderbaatar wants to expand his business in order to increase his business income. He is a well-experienced and hardworking man. He would like MNT 3,000,000 to purchase wood and other materials for his business.
More information about this loan
This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.
About XacBankThis loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.
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