Otgonbayar (37), has graduated from the University of Science and Technology of Mongolia as an electric engineer in 2005. In 2012, she began producing Mongolian traditional silverwares such as silver bowls, saddle etc. as an amateur. Later in 2016, she established her company “Dayan Deerhi Erdenebulgan,” and opened her silver adornment shop in Erdenet city. Now she has 5 employees: 3 craftsmen and 2 sales assistant.
Silverwares are very popular among the Mongolian families, as it’s an old tradition to keep a silver bowl and saddle at their homes to respect the nomadic heritage. Also, tourists have become more interested in Mongolian traditional decorations and more often buy small silver bowls as souvenirs. Thus, a demand for handmade silverwares with a good quality keeps rising among the local and international buyers. Otgonbayar wants to purchase a new metal equipment to increase the productivity and sell high quality traditional decorations to the buyers.
With a loan amount of MNT 60 million, she will be able to buy the needed equipment. For the factory upgrade she will hire 2 more employees.