Tserendoljin Gunaajav


Status: Paying Back

$1,075.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Tserendoljin Gunaajav
Location: Arhangai, Mongolia
Activity: Butcher Shop

About the Loan

Loan Amount: $1,075.00
Loan Use: To purchase livestock
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 22, 2009
Date Disbursed: Jun 16, 2009
Date Funded:Jun 23, 2009

About the Country

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



Tserendoljin Gunaajav lives with her husband in Arhangai, one of Mongolia's central provinces. Tserendoljin has a small butchery business, which she started in 2006. Her husband drives his truck to herder families from whom he purchases sheep, goats and cattle at discounted prices. They are slaughtered at their butchery shop for individual sale. When meat prices are high, they usually deliver the meat to the wholesale markets in Ulaanbaatar, the capital of Mongolia. From the beginning, the business has been a success; Tserendoljin's business capital has increased from 200,000 MNT to 1,500,000 MNT.


As the biggest public celebration, Naadam, approaches in July, Tserendoljin and her husband plan to bring more livestock to Ulaanbaatar. Tserendoljin is requesting a loan to purchase more livestock to prepare for the Naadam celebration in the capital. In the future, she wants to move to the countryside and become a herder woman with some 500 livestock.


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Journal entries for Tserendoljin Gunaajav


Loan has been disbursed
 
Entrepreneur: Tserendoljin Gunaajav
Location: Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Tserendoljin Gunaajav 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 Arhangai, Mongolia
Jun 24, 2009
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Kiva Help Repayment Schedule for Tserendoljin Gunaajav

  Expected Repayments Actual Repayments Comments
September 2009 $89.58 $89.58 Repayment Received
October 2009 $88.83 $88.90 Repayment Received
November 2009 $89.58 $89.69 Repayment Received
December 2009 $89.58 $89.59 Repayment Received
January 2010 $89.58 Available Jan 1  
February 2010 $89.58 Available Feb 1  
March 2010 $90.00 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 $89.45 Available Jul 1  
August 2010 $90.08 Available Aug 1