Soyol-erdene Bat-erdene
Status: Paying Back
| $2,850.00 | Loan Amount |
|---|
21% repaid
About the Entrepreneur
| Name: | Soyol-erdene Bat-erdene |
|---|---|
| Location: | Ulaanbaatar, Mongolia |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $2,850.00 |
|---|---|
| Loan Use: | To purchase fresh vegetables and meat to sell. |
| Repayment Term: | 26 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 5, 2009 |
| Date Disbursed: | May 19, 2009 |
| Date Funded: | Jun 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: | 814 |
| Total Loans: | $888,750 |
| 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: | 1,410.0000 MNT = 1 USD |
Soyol-Erdene Bat-Erdene lives with his wife and two year-old son in Ulaanbaatar, the capital city of Mongolia. Soyol-Erdene's mother-in-law lives with them and takes care of her infant grandson when his parents are away at work.
Soyol-Erdene has a small business in food retail, specifically focusing on fresh vegetables. He rents two stalls in "Burd" a local food market in which he sells various fresh vegetables. Although he just launched this business in early 2008, he has successfully opened one more stall for fresh vegetables and two other stalls for meat products. He is mainly in charge of the fresh vegetable stalls and his wife sits at the meat stalls.
In the future, Soyol-Erdene wants to enter the wholesale market for fresh vegetables and meat products. He requests a loan to purchase more fresh vegetables and meat for his business.
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Journal entries for Soyol-erdene Bat-erdene
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Loan has been disbursed
Location: Ulaanbaatar, Mongolia
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Posted by
from Ulaanbaatar, Mongolia
Jun 22, 2009 |
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Comments (5)
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Repayment Schedule for Soyol-erdene Bat-erdene
Repayment Schedule for Soyol-erdene Bat-erdene
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $118.75 | $124.05 |  Repayment Received
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| September 2009 | $118.75 | $113.45 | Repayment Received
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| October 2009 | $118.75 | $118.75 | Repayment Received
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| November 2009 | $118.75 | $136.76 | Repayment Received
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| December 2009 | $118.75 | $110.37 | Repayment Received
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| January 2010 | $118.75 | Available Jan 1 | |||
| February 2010 | $118.75 | Available Feb 1 | |||
| March 2010 | $118.75 | Available Mar 1 | |||
| April 2010 | $118.75 | Available Apr 1 | |||
| May 2010 | $118.75 | Available May 1 | |||
| June 2010 | $118.75 | Available Jun 1 | |||
| July 2010 | $118.75 | Available Jul 1 | |||
| August 2010 | $118.75 | Available Aug 1 | |||
| September 2010 | $118.75 | Available Sep 1 | |||
| October 2010 | $118.75 | Available Oct 1 | |||
| November 2010 | $118.75 | Available Nov 1 | |||
| December 2010 | $118.75 | Available Dec 1 | |||
| January 2011 | $118.75 | Available Jan 1 | |||
| February 2011 | $118.75 | Available Feb 1 | |||
| March 2011 | $118.75 | Available Mar 1 | |||
| April 2011 | $118.75 | Available Apr 1 | |||
| May 2011 | $118.75 | Available May 1 | |||
| June 2011 | $118.75 | Available Jun 1 | |||
| July 2011 | $118.75 | Available Jul 1 | |||
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