Davaa Shagdar


Status: Paying Back

$850.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Davaa Shagdar
Location: Tsetserleg, Arhangay, Mongolia
Activity: Shoe Sales

About the Loan

Loan Amount: $850.00
Loan Use: To buy materials for her shoe-making business.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 20, 2009
Date Disbursed: Apr 10, 2009
Date Funded:Apr 20, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,427.5500 MNT = 1 USD



Davaa Shagdar lives with her husband in Arhanghay, one of Mongolia's central provinces. Davaa's family has three grown-up children, two of whom live independently from their parents. Her youngest daughter is a university student. Davaa has a small business making shoes. With her husband's help, Davaa started the shoe-making business in 2000. Since then the business has been doing very well. Working capital has increased from $70 to $700. Davaa buys raw materials from the local market and makes winter and spring shoes for women and men. Davaa pays her youngest daughter's university tuition from her profit. In the future, Davaa hopes to expand the shoe-making business by hiring another person. She requests a loan to purchase the materials needed for her shoe-making business.



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Journal entries for Davaa Shagdar


Loan has been disbursed
 
Entrepreneur: Davaa Shagdar
Location: Tsetserleg, Arhangay, Mongolia

Thank you for your loan. It has been disbursed to Davaa Shagdar by XacBank in Mongolia. We are excited to watch this business grow. Over the 12 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 21, 2009
Comments (2)

Kiva Help Repayment Schedule for Davaa Shagdar

  Expected Repayments Actual Repayments Comments
July 2009 $70.83 $70.85 Repayment Received
August 2009 $70.83 $71.54 Repayment Received
September 2009 $70.83 $70.10 Repayment Received
October 2009 $70.83 $71.81 Repayment Received
November 2009 $70.83 $71.43 Repayment Received
December 2009 $70.83 $72.99 Repayment Received
January 2010 $70.83 Available Jan 1  
February 2010 $70.83 Available Feb 1  
March 2010 $70.83 Available Mar 1  
April 2010 $70.83 Available Apr 1  
May 2010 $70.83 Available May 1  
June 2010 $70.87 Available Jun 1