Gan-ochir Dorjgotov
Status: Paying Back
| $2,700.00 | Loan Amount |
|---|
16% repaid
About the Entrepreneur
| Name: | Gan-ochir Dorjgotov |
|---|---|
| Location: | Arhangay, Mongolia |
| Activity: | Timber Sales |
About the Loan
| Loan Amount: | $2,700.00 |
|---|---|
| Loan Use: | To buy wood at wholesale prices |
| Repayment Term: | 27 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 9, 2009 |
| Date Disbursed: | May 26, 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: | 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: | 1,410.0000 MNT = 1 USD |
Gan-Ochir Dorjgotov lives with his wife and 10-year-old son in Arhangai province, one of Mongolia's central provinces. His son is a student in a local high school.
Gan-Ochir has a small retail business selling wood. With the support of his wife, Gan-Ochir started his business in wood selling in 2007 with a small loan of 300,000 MNT (approximately $210). He usually buys raw wood from local lumberjacks and sells them at profit to local carpenters, who make various household items in wood.
Since the start, he has done well and his business capital has increased to 4,000,000 MNT. With his business profit, he was able to fix his truck that he uses for carrying wood. In the future, he would like to expand his business by adding more customers to his clientele. He requests a loan to purchase more wood for his business.
Gan-Ochir has a small retail business selling wood. With the support of his wife, Gan-Ochir started his business in wood selling in 2007 with a small loan of 300,000 MNT (approximately $210). He usually buys raw wood from local lumberjacks and sells them at profit to local carpenters, who make various household items in wood.
Since the start, he has done well and his business capital has increased to 4,000,000 MNT. With his business profit, he was able to fix his truck that he uses for carrying wood. In the future, he would like to expand his business by adding more customers to his clientele. He requests a loan to purchase more wood for his business.
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Journal entries for Gan-ochir Dorjgotov
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Loan has been disbursed
Location: Arhangay, Mongolia
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Posted by
from Arhangay, Mongolia
Jun 22, 2009 |
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Comment on this entry
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Repayment Schedule for Gan-ochir Dorjgotov
Repayment Schedule for Gan-ochir Dorjgotov
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $0.00 | $118.48 | |||
| September 2009 | $112.50 | $0.00 |  Repayment Received
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| October 2009 | $112.50 | $126.75 | Repayment Received
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| November 2009 | $112.50 | $96.77 | Repayment Received
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| December 2009 | $112.50 | $112.61 | Repayment Received
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| January 2010 | $112.50 | Available Jan 1 | |||
| February 2010 | $112.50 | Available Feb 1 | |||
| March 2010 | $112.50 | Available Mar 1 | |||
| April 2010 | $112.50 | Available Apr 1 | |||
| May 2010 | $112.50 | Available May 1 | |||
| June 2010 | $112.50 | Available Jun 1 | |||
| July 2010 | $112.50 | Available Jul 1 | |||
| August 2010 | $112.50 | Available Aug 1 | |||
| September 2010 | $112.50 | Available Sep 1 | |||
| October 2010 | $112.50 | Available Oct 1 | |||
| November 2010 | $112.50 | Available Nov 1 | |||
| December 2010 | $112.50 | Available Dec 1 | |||
| January 2011 | $112.50 | Available Jan 1 | |||
| February 2011 | $112.50 | Available Feb 1 | |||
| March 2011 | $112.50 | Available Mar 1 | |||
| April 2011 | $112.50 | Available Apr 1 | |||
| May 2011 | $112.50 | Available May 1 | |||
| June 2011 | $112.50 | Available Jun 1 | |||
| July 2011 | $112.50 | Available Jul 1 | |||
| August 2011 | $112.50 | Available Aug 1 | |||
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