Gulguu Chimed-ochir
Status: Paying Back
| $1,425.00 | Loan Amount |
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41% repaid
About the Entrepreneur
| Name: | Gulguu Chimed-ochir |
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| Location: | Uvurhangay, Mongolia |
| Activity: | Internet Cafe |
About the Loan
| Loan Amount: | $1,425.00 |
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| Loan Use: | To buy a Canon copier machine and raw materials |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 18, 2009 |
| Date Disbursed: | May 25, 2009 |
| Date Funded: | Jun 18, 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: | 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: | 1,415.0000 MNT = 1 USD |
Gulguu Chimed-Ochir is 49, married, and the mother of three. Her two youngest daughters are university students in Ulaanbaatar, the capital city of Mongolia. Her eldest daughter has just graduated from university and came back home.
Besides running a small family cafe, Gulguu, together with her eldest daughter, started running a copy center in a small rental place. She says that "My eldest one just graduated from the university. Now my two youngest ones are university students. It is hard to pay all our profit for their tuition for many years. I and my husband have been working hard for the last ten years. Although we invested all our profit in our children's future, I hope that one day our living conditions will be improving."
With this loan she will buy a new copier machine and raw materials for her business.
Besides running a small family cafe, Gulguu, together with her eldest daughter, started running a copy center in a small rental place. She says that "My eldest one just graduated from the university. Now my two youngest ones are university students. It is hard to pay all our profit for their tuition for many years. I and my husband have been working hard for the last ten years. Although we invested all our profit in our children's future, I hope that one day our living conditions will be improving."
With this loan she will buy a new copier machine and raw materials for her business.
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Journal entries for Gulguu Chimed-ochir
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Loan has been disbursed
Location: Uvurhangay, Mongolia
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Posted by
from Uvurhangay, Mongolia
Jun 19, 2009 |
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Comment on this entry
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Repayment Schedule for Gulguu Chimed-ochir
Repayment Schedule for Gulguu Chimed-ochir
| Expected Repayments | Actual Repayments | Comments | |||
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| August 2009 | $118.75 | $118.75 |  Repayment Received
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| September 2009 | $118.75 | $118.75 | Repayment Received
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| October 2009 | $118.75 | $118.94 | Repayment Received
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| November 2009 | $118.75 | $119.70 | Repayment Received
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| December 2009 | $118.75 | $117.72 | 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 | |||
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