Davaadechin Sereenendorj
Status: Paying Back
| $1,775.00 | Loan Amount |
|---|
50% repaid
About the Entrepreneur
| Name: | Davaadechin Sereenendorj |
|---|---|
| Location: | Ulaanbaatar, Mongolia |
| Activity: | Mobile Phones |
About the Loan
| Loan Amount: | $1,775.00 |
|---|---|
| Loan Use: | To buy more mobile phones to sell |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 23, 2009 |
| Date Disbursed: | Apr 14, 2009 |
| Date Funded: | Apr 23, 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: | 811 |
| Total Loans: | $887,300 |
| 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: | 1,412.4800 MNT = 1 USD |
Davaadechin Sereenendorj is 27, married, and the father of one. Their son is attending kindergarten. Davaadechin’s family lives in a condominium that they own in Ulaanbaatar, the capital city of Mongolia.
Davaadechin has been running a mobile phone and accessory sales business in Tedy, the biggest cellular phone sales center in Ulaanbaatar. Once every month Davaadechin goes to Beijing, China, to buy mobile phones at a cheap price to resell them in Mongolia. His wife Urantamir looks after his shop sometimes when he goes to Beijing. Besides helping her husband, Uranchimeg runs her own grocery store.
Davaadechin requests a loan to buy more mobile phones to increase his business inventory.
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Journal entries for Davaadechin Sereenendorj
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Loan has been disbursed
Location: Ulaanbaatar, Mongolia
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Posted by
from Ulaanbaatar, Mongolia
Apr 24, 2009 |
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Comment on this entry
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Repayment Schedule for Davaadechin Sereenendorj
Repayment Schedule for Davaadechin Sereenendorj
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| July 2009 | $147.92 | $150.52 |  Repayment Received
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| August 2009 | $147.92 | $149.32 | Repayment Received
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| September 2009 | $147.92 | $143.92 | Repayment Received
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| October 2009 | $147.92 | $151.01 | Repayment Received
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| November 2009 | $147.92 | $149.04 | Repayment Received
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| December 2009 | $147.92 | $143.71 | Repayment Received
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| January 2010 | $147.92 | Available Jan 1 | |||
| February 2010 | $147.92 | Available Feb 1 | |||
| March 2010 | $147.92 | Available Mar 1 | |||
| April 2010 | $147.92 | Available Apr 1 | |||
| May 2010 | $147.92 | Available May 1 | |||
| June 2010 | $147.88 | Available Jun 1 | |||
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