Bayantsatsral Renbal


Status: Paying Back

$1,450.00   Loan Amount
29% repaid

About the Entrepreneur

Name: Bayantsatsral Renbal
Location: Tsetserleg, Arhangay, Mongolia
Activity: Clothing Sales

About the Loan

Loan Amount: $1,450.00
Loan Use: To purchase more clothing for re-sale
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 8, 2009
Date Disbursed: Mar 31, 2009
Date Funded:Apr 19, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,382.4992 MNT = 1 USD



Bayantsatsral Renbal lives with his wife and three teenage children in Arhanghay province, one of Mongolia's central provinces. His children go to local public schools. Bayantsatsral and his wife run a small retail stall for women and men's clothing and shoes at the local market.



Bayantsatsral started the retail business in 2005 by selling clothes and shoes imported from Ereen, China, a border town with Mongolia. While he goes to Ereen to purchase new inventory, his wife manages the stall. Their business capital has increased from 700,000 MNT to 2,000,000 MNT ($1 MNT=1,500 MNT). Bayantsatsral requests a loan to purchase more clothes from Ereen to increase his business inventory. Bayartsatsral and his wife hope to be able to afford university education for all their children.



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Journal entries for Bayantsatsral Renbal


Loan has been disbursed
 
Entrepreneur: Bayantsatsral Renbal
Location: Tsetserleg, Arhangay, Mongolia

Thank you for your loan. It has been disbursed to Bayantsatsral Renbal by XacBank in Mongolia. We are excited to watch this business grow. Over the 23 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tsetserleg, Arhangay, Mongolia
Apr 20, 2009
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Kiva Help Repayment Schedule for Bayantsatsral Renbal

  Expected Repayments Actual Repayments Comments
June 2009 $60.42 $60.42 Repayment Received
July 2009 $60.42 $60.72 Repayment Received
August 2009 $60.41 $60.15 Repayment Received
September 2009 $60.41 $60.37 Repayment Received
October 2009 $60.41 $60.41 Repayment Received
November 2009 $60.42 $60.42 Repayment Received
December 2009 $60.41 $60.41 Repayment Received
January 2010 $60.42 Available Jan 1  
February 2010 $60.42 Available Feb 1  
March 2010 $60.42 Available Mar 1  
April 2010 $60.41 Available Apr 1  
May 2010 $60.42 Available May 1  
June 2010 $60.41 Available Jun 1  
July 2010 $60.42 Available Jul 1  
August 2010 $60.41 Available Aug 1  
September 2010 $60.42 Available Sep 1  
October 2010 $60.41 Available Oct 1  
November 2010 $60.42 Available Nov 1  
December 2010 $60.41 Available Dec 1  
January 2011 $60.42 Available Jan 1  
February 2011 $60.41 Available Feb 1  
March 2011 $60.42 Available Mar 1  
April 2011 $60.41 Available Apr 1  
May 2011 $60.45 Available May 1