Nyamsuren Chimedtseren


Status: Paying Back

$2,125.00   Loan Amount
50% repaid

About the Entrepreneur

Name: Nyamsuren Chimedtseren
Location: Ulaanbaatar, Mongolia
Activity: Construction Supplies

About the Loan

Loan Amount: $2,125.00
Loan Use: To buy raw materials such as sand and small rocks
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 18, 2009
Date Disbursed: Jun 10, 2009
Date Funded:Jun 20, 2009

About the Country

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



Nyamsuren Chimedtseren lives with his wife and three children in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia. His two oldest children both go to private high schools and the youngest daughter goes a local kindergarten.

Nyamsuren runs a small factory that produces concrete blocks for construction in the city. His factory is located in Tolgoit, one of the suburban areas of Ulaanbaatar, connected to the city by a paved road. His factory currently has three employees and he plans to expand the factory as the demand for construction materials in the city picks up soon.

Nyamsuren works hard in order to be financially able to meet his family's ever increasing expenses. His two children both go to private schools and it significantly adds up to the family expense. He stressed the importance of education for his children and hopes to keep supporting their education as long as he can. Nyamsuren requests a loan to purchase raw materials for his concrete-block-making business.


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Journal entries for Nyamsuren Chimedtseren


Loan has been disbursed
 
Entrepreneur: Nyamsuren Chimedtseren
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Nyamsuren Chimedtseren 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 21, 2009
Comment on this entry

Kiva Help Repayment Schedule for Nyamsuren Chimedtseren

  Expected Repayments Actual Repayments Comments
August 2009 $0.00 $708.33  
September 2009 $177.08 $0.00 Repayment Received
October 2009 $177.08 $354.28 Repayment Received
November 2009 $177.08 $0.00 Repayment Received
December 2009 $177.08 Available Dec 1 Repayment Received
January 2010 $177.08 Available Jan 1 Repayment Received
February 2010 $177.08 Available Feb 1 Repayment Received
March 2010 $177.08 Available Mar 1  
April 2010 $177.08 Available Apr 1  
May 2010 $177.08 Available May 1  
June 2010 $177.08 Available Jun 1  
July 2010 $177.08 Available Jul 1  
August 2010 $177.12 Available Aug 1