Tumurbaatar Ochirbat
Status: Paying Back
| $2,825.00 | Loan Amount |
|---|
50% repaid
About the Entrepreneur
| Name: | Tumurbaatar Ochirbat |
|---|---|
| Location: | Ulaanbaatar, Mongolia |
| Activity: | Butcher Shop |
About the Loan
| Loan Amount: | $2,825.00 |
|---|---|
| Loan Use: | to buy more whole animals |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 20, 2009 |
| Date Disbursed: | Apr 16, 2009 |
| Date Funded: | Apr 21, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | XacBank |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 10 months |
| Kiva Entrepreneurs: | 819 |
| Total Loans: | $894,225 |
| Delinquency Rate: | 0.38% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Mongolia |
|---|---|
| Avg Annual Income: | $2,175.00 |
| Currency: | Mongolia Tugriks (MNT) |
| Exchange Rate: | 1,427.5500 MNT = 1 USD |
Tumurbaatar Ochirbat is 46, married and the father of three. All three children are attending elementary school. His family lives in a "ger" (a nomadic Mongolian tent) in Ulaanbaatar, the capital city of Mongolia.
In 1997, he started a wholesale meat business at the local market "Huchit shonhor". Tumurbaatar has an old Russian pick-up truck which he uses once every two or three months to pick up meat in Arhanghay, one of Mongolia's central provinces. He buys whole animals such as sheep, cows and horses with 4.5 million tugrugs ($1.00=1450 MNT) to re-sell for a higher price.
In 2008, his spouse, Enhtuya, joined him in his business. She rents a stall for 200,000 tugrugs at "Asait," one of the local food markets, to sell meat. Their working capital has now increased to 5.8 million tugrugs and their average monthly income is 8 million tugrugs. Tumurbaatar requests a loan to buy more whole animals to increase his business inventory.
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Journal entries for Tumurbaatar Ochirbat
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Loan has been disbursed
Location: Ulaanbaatar, Mongolia
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Posted by
from Ulaanbaatar, Mongolia
Apr 22, 2009 |
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Comment on this entry
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Repayment Schedule for Tumurbaatar Ochirbat
Repayment Schedule for Tumurbaatar Ochirbat
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| July 2009 | $235.42 | $236.45 |  Repayment Received
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| August 2009 | $235.42 | $239.19 | Repayment Received
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| September 2009 | $235.42 | $230.62 | Repayment Received
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| October 2009 | $235.42 | $242.76 | Repayment Received
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| November 2009 | $235.42 | $228.17 | Repayment Received
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| December 2009 | $235.42 | $236.43 | Repayment Received
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| January 2010 | $235.42 | Available Jan 1 | |||
| February 2010 | $235.42 | Available Feb 1 | |||
| March 2010 | $235.42 | Available Mar 1 | |||
| April 2010 | $235.42 | Available Apr 1 | |||
| May 2010 | $235.42 | Available May 1 | |||
| June 2010 | $235.38 | Available Jun 1 | |||
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