Tumur Sodnom
Status: Paying Back
| $2,125.00 | Loan Amount |
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46% repaid
About the Entrepreneur
| Name: | Tumur Sodnom |
|---|---|
| Location: | Ulaanbaatar, Mongolia |
| Activity: | Cosmetics Sales |
About the Loan
| Loan Amount: | $2,125.00 |
|---|---|
| Loan Use: | To buy cosmetics to sell |
| Repayment Term: | 26 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 9, 2009 |
| Date Disbursed: | May 29, 2009 |
| Date Funded: | Jul 7, 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 |
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| Avg Annual Income: | $2,175.00 |
| Currency: | Mongolia Tugriks (MNT) |
| Exchange Rate: | 1,413.0000 MNT = 1 USD |
Tumur Sodnom lives with his wife and two children in Ulaanbaatar, the capital city of Mongolia. His two children go to local high schools in Ulaanbaatar. Tumur has a small retail business in women's cosmetics. He runs the cosmetics business with his wife. Tumur had worked as an electrician for Tulga Company for more than 15 years and in 2008, he decided to quit his job in order to pursue his own business. He frequently travels to South Korea to purchase women's cosmetics for his business. In the meantime, his wife rents a small stall in the Narantuul market, the largest outdoor market in Ulaanbaatar, and sells the cosmetics that her husband brings from South Korea. Tumur and his wife hope to be financially able to set aside some money for their children's education.
Tumur requests a loan for two purposes: to purchase more cosmetics for his business, and to buy bricks to build a house for his family.
Tumur requests a loan for two purposes: to purchase more cosmetics for his business, and to buy bricks to build a house for his family.
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Journal entries for Tumur Sodnom
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Loan has been disbursed
Location: Ulaanbaatar, Mongolia
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Posted by
from Ulaanbaatar, Mongolia
Jul 8, 2009 |
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Comment on this entry
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Repayment Schedule for Tumur Sodnom
Repayment Schedule for Tumur Sodnom
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $177.08 | $177.08 |  Repayment Received
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| October 2009 | $88.54 | $574.10 | Repayment Received
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| November 2009 | $88.54 | $61.74 | Repayment Received
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| December 2009 | $88.54 | $178.02 | Repayment Received
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| January 2010 | $88.54 | Available Jan 1 | Repayment Received
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| February 2010 | $88.54 | Available Feb 1 | Repayment Received
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| March 2010 | $88.54 | Available Mar 1 | Repayment Received
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| April 2010 | $88.54 | Available Apr 1 | Repayment Received
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| May 2010 | $88.54 | Available May 1 | Repayment Received
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| June 2010 | $88.54 | Available Jun 1 | Repayment Received
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| July 2010 | $88.54 | Available Jul 1 | |||
| August 2010 | $88.54 | Available Aug 1 | |||
| September 2010 | $88.54 | Available Sep 1 | |||
| October 2010 | $88.54 | Available Oct 1 | |||
| November 2010 | $88.54 | Available Nov 1 | |||
| December 2010 | $88.54 | Available Dec 1 | |||
| January 2011 | $88.54 | Available Jan 1 | |||
| February 2011 | $88.54 | Available Feb 1 | |||
| March 2011 | $88.54 | Available Mar 1 | |||
| April 2011 | $88.54 | Available Apr 1 | |||
| May 2011 | $88.54 | Available May 1 | |||
| June 2011 | $88.54 | Available Jun 1 | |||
| July 2011 | $88.58 | Available Jul 1 | |||
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