Jargalsayhan Lutsayhan

Status: Paying Back

$1,100.00		Loan Amount

50% repaid

About the Entrepreneur

Name:	Jargalsayhan Lutsayhan
Location:	Ulaanbaatar, Mongolia
Activity:	Auto Repair

About the Loan

Loan Amount:	$1,100.00
Loan Use:	To buy tire repair equipment and new tires.
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Apr 24, 2009
Date Disbursed:	Apr 3, 2009
Date Funded:	Apr 24, 2009

About the Field Partner

Field Partner:

XacBank

Field Partner Risk Rating:

(Learn more)

Active

10 months

814

$888,750

0.38%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Mongolia
Avg Annual Income:	$2,175.00
Currency:	Mongolia Tugriks (MNT)
Exchange Rate:	1,385.0000 MNT = 1 USD

Jargalsayhan Lutsayhan is 36, married and the father of two daughters. Both of his daughters attend a local high school. His family lives in a condominium that he owns in Ulaanbaatar, the capital city of Mongolia. His wife is currently unemployed and stays home.

In 2008, together with his brothers, Jargalsayhan launched a car care center. His daily tasks include checking and replacing engine oil, filters and engine coolant. To expand his business, he plans to start repairing car tires. He employs three full-time paid staff. In the future, he plans to expand, in order to make his car care center larger and more professional.

Jargalsayhan is a very open-minded and loyal person. He is requesting a loan to buy tire repair equipment and new tires.

Lenders to this entrepreneur

The Kids
Pitt Meadows, B.C.
Canada

Michel
Brest, Bretagne
France

Jodie
Oakland, CA
United States

Skye
Copperas Cove, TX
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Dawn
APO, AE
Germany

Carol
Fairview, TN
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Asif
Saint Peters, MO
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Illan
Tarzana, CA
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Elaine
New York, NY
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Riley
Seattle, WA
United States

Ginger
Port Hadlock, WA
United States

Tom
Bellingham, WA
United States

Lindsey
Traverse City, MI
United States

Agung
Columbus, OH
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Tawan & DeAnn
Chicago, IL
United States

Elizabeth
Concord, CA
United States

Susanna
San Jose, CA
United States

Charlie
Fort Thomas, KY
United States

Billie & Ben
Brockville, Ontario
Canada

Dave
Bellevue, WA
United States

Kasia
Rome,
Italy

Josie
Menlo Park, CA
United States

Candice
Long Beach, CA
United States

allen
Bellevue, WA
United States

David
Lexington, SC
United States

Chris
Derby, Derbyshire
United Kingdom

Chris
Grand Forks, ND
United States

LFI
Port Coquitlam, British Columbia
Canada

Dennis
Ulverston, Cumbria
United Kingdom

Iwan
Zürich,
Switzerland

Mohsin
San Jose, CA
United States

Le G.
Lyon (France), EUROPE

RAY!!!
KAHUKU, HI
United States

Margaret Ann
Moseley, VA
United States

Kimberly
Ulaanbaatar,
Mongolia

Top Lending Teams for this entrepreneur

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Journal entries for Jargalsayhan Lutsayhan

Loan has been disbursed Entrepreneur: Jargalsayhan Lutsayhan Location: Ulaanbaatar, Mongolia Thank you for your loan. It has been disbursed to Jargalsayhan Lutsayhan 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 Ulaanbaatar, Mongolia Apr 25, 2009
Comment on this entry

Dear Lenders Entrepreneur: Jargalsayhan Lutsayhan Location: Ulaanbaatar, Mongolia It's been six months passed since Jargalsayhan took his first Kiva loan. With the loan he purchased tires repairing equipment for his business. Through his car care center, he used to fix engine and finish of vehicles only. Since he bought new equipment for tire repair, service types were increased and then his monthly income and profit has been increased. jargalsayhan is thankful to all the lenders who lent him and supported his tiny business
Posted by Munhmandah Ochirsharav from Ulaanbaatar, Mongolia Oct 18, 2009
Comment on this entry

Repayment Schedule for Jargalsayhan Lutsayhan

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2009	$91.67	$91.86	Repayment Received
August 2009	$91.67	$94.27	Repayment Received
September 2009	$91.67	$88.88	Repayment Received
October 2009	$91.67	$92.31	Repayment Received
November 2009	$91.67	$91.03	Repayment Received
December 2009	$91.67	$91.92	Repayment Received
January 2010	$91.67	Available Jan 1
February 2010	$91.67	Available Feb 1
March 2010	$91.67	Available Mar 1
April 2010	$91.67	Available Apr 1
May 2010	$91.67	Available May 1
June 2010	$91.63	Available Jun 1