Ganhuyag Tuya
Status: Paid Back
| $725.00 | Loan Request | |
|---|---|---|
| $725.00 | Paid Back |
About the Entrepreneur
| Name: | Ganhuyag Tuya |
|---|---|
| Location: | Tsetserleg, Arhangay, Mongolia |
| Activity: | Cloth & Dressmaking Supplies |
About the Loan
| Loan Amount: | $725.00 |
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| Loan Use: | To purchase more fabric |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 5, 2009 |
| Date Disbursed: | Apr 22, 2009 |
| Date Funded: | May 5, 2009 |
| Loan Ended: | Sep 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | XacBank |
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| 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: | 1,402.5000 MNT = 1 USD |
Ganhuyag Tuya is 22 and the married father of one. His family lives on the plot of land he owns in Arhanghay, one of the Mongolian central provinces. Together with his brother, he runs a fabric business at the local market. He goes to Ereen, a Chinese border city to buy fabric at wholesale prices. Many Mongolians buy goods in Ereen for resale. While he goes to Ereen, his brother works at the stall as a salesman. Ganhuyag's wife Narantsetseg stays at home to take care of her infant. Ganhuyag says, "I'm saving money to have my own vehicle". Thanks to his humble and hard working personality, his business has done very well. He requests a loan to purchase more fabric to increase his business inventory.
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Journal entries for Ganhuyag Tuya
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Loan has been disbursed
Location: Tsetserleg, Arhangay, Mongolia
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Posted by
from Tsetserleg, Arhangay, Mongolia
May 6, 2009 |
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Comments (3)
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Repayment Schedule for Ganhuyag Tuya
Repayment Schedule for Ganhuyag Tuya
| Expected Repayments | Actual Repayments | Comments | |||
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| July 2009 | $60.42 | $60.54 |  Repayment Received
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| August 2009 | $60.42 | $60.36 | Repayment Received
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| September 2009 | $60.42 | $60.36 | Repayment Received
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| October 2009 | $60.42 | $543.74 | Repayment Received
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| November 2009 | $60.42 | $0.00 | Repayment Received
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| December 2009 | $60.42 | Available Dec 1 | Repayment Received
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| January 2010 | $60.42 | Available Jan 1 | Repayment Received
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| February 2010 | $60.42 | Available Feb 1 | Repayment Received
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| March 2010 | $60.42 | Available Mar 1 | Repayment Received
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| April 2010 | $60.42 | Available Apr 1 | Repayment Received
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| May 2010 | $60.42 | Available May 1 | Repayment Received
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| June 2010 | $60.38 | Available Jun 1 | Repayment Received
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