Dariimaa Turgen


Status: Paying Back

$1,075.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Dariimaa Turgen
Location: Ulaanbaatar, Mongolia
Activity: Clothing Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To buy underwear to sell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 16, 2009
Date Disbursed: Jun 8, 2009
Date Funded:Jun 18, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,415.0000 MNT = 1 USD



Dariimaa Turgen is fifty-three years old and has reared ten children. She currently lives with her husband in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. All of her children have grown up and live with their own families now. Dariimaa has a small retail business, selling various small food items such as chewing gum, soft-drinks, cigars, and so on.


In 2000, her family moved from Khovd, one of the most isolated western provinces in Mongolia, to the capital city in search of a better life. In 2001, she started her small retail business in the Narantuul market, the largest outdoor market in Ulaanbaatar. Now she is expanding her business by diversifying the products she sells at the market.


Seeing an opportunity in the underwear market, and utilizing her experience in retail, she has decided to enter this new market. Dariimaa seems to be a very responsible person in business and finance. She is requesting a loan to buy underwear to sell. With the profits from her business, she hopes to enlarge her house.


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Journal entries for Dariimaa Turgen


Loan has been disbursed
 
Entrepreneur: Dariimaa Turgen
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Dariimaa Turgen 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
Jun 19, 2009
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Kiva Help Repayment Schedule for Dariimaa Turgen

  Expected Repayments Actual Repayments Comments
September 2009 $89.58 $89.58 Repayment Received
October 2009 $89.58 $89.61 Repayment Received
November 2009 $89.58 $89.63 Repayment Received
December 2009 $89.58 $90.98 Repayment Received
January 2010 $89.58 Available Jan 1  
February 2010 $89.58 Available Feb 1  
March 2010 $89.58 Available Mar 1  
April 2010 $89.58 Available Apr 1  
May 2010 $89.58 Available May 1  
June 2010 $89.58 Available Jun 1  
July 2010 $89.58 Available Jul 1  
August 2010 $89.62 Available Aug 1