Davaadorj Renchinsenge
Status: Paying Back
| $425.00 | Loan Amount |
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33% repaid
About the Entrepreneur
| Name: | Davaadorj Renchinsenge |
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| Location: | Ovorhangai, Mongolia |
| Activity: | Food Market |
About the Loan
| Loan Amount: | $425.00 |
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| Loan Use: | To purchase food products |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 24, 2009 |
| Date Disbursed: | Jun 4, 2009 |
| Date Funded: | Jun 25, 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 |
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| Avg Annual Income: | $2,175.00 |
| Currency: | Mongolia Tugriks (MNT) |
| Exchange Rate: | 1,418.0000 MNT = 1 USD |
Davaadorj is 64 years old and retired. He lives with his wife and 17-year-old daughter in Ovorhangai province, one of Mongolia's central provinces. His daughter is a senior in a local high school. Since his retirement income is not enough to support his family, he has started his own small business in food retail. Davaadorj visits small country towns around the province and sells food products, including soft drinks, tobacco, baked goods and so on. When he returns to his city, he transports passengers in his van.
Davaadorj has been in this business for the last five years and acquired many customers in the countryside. He works hard to earn enough money to save up for his daughter's university tuition as she starts university next year. He is requesting a loan to purchase more food products for his business.
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Journal entries for Davaadorj Renchinsenge
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Loan has been disbursed
Location: Ovorhangai, Mongolia
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Posted by
from Ovorhangai, Mongolia
Jun 26, 2009 |
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Comment on this entry
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Repayment Schedule for Davaadorj Renchinsenge
Repayment Schedule for Davaadorj Renchinsenge
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $0.00 | $35.74 | |||
| September 2009 | $35.74 | $0.00 |  Repayment Received
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| October 2009 | $35.42 | $35.42 | Repayment Received
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| November 2009 | $35.42 | $35.42 | Repayment Received
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| December 2009 | $35.17 | $35.22 | Repayment Received
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| January 2010 | $35.42 | Available Jan 1 | |||
| February 2010 | $35.42 | Available Feb 1 | |||
| March 2010 | $35.42 | Available Mar 1 | |||
| April 2010 | $35.28 | Available Apr 1 | |||
| May 2010 | $35.42 | Available May 1 | |||
| June 2010 | $35.42 | Available Jun 1 | |||
| July 2010 | $35.42 | Available Jul 1 | |||
| August 2010 | $35.45 | Available Aug 1 | |||
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