Uuganbayar Gomid
Status: Paying Back
| $1,200.00 | Loan Amount |
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37% repaid
About the Entrepreneur
| Name: | Uuganbayar Gomid |
|---|---|
| Location: | Uvurhangay, Mongolia |
| Activity: | Bicycle Repair |
About the Loan
| Loan Amount: | $1,200.00 |
|---|---|
| Loan Use: | To purchase spare parts and new bicycles |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 25, 2009 |
| Date Disbursed: | May 26, 2009 |
| Date Funded: | Jun 26, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | XacBank |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 10 months |
| Kiva Entrepreneurs: | 819 |
| Total Loans: | $894,225 |
| 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: | 1,420.0000 MNT = 1 USD |
Uuganbayar Gomid is 25 years old and is just married. In May 2008, he bought bicycle repair equipment for 1,700,000 tugrugs ($1,200 USD) and started repairing bicycles; he rents a small room at the central local market for his shop. Uuganbayar not only repairs bicycles bur also sells new bicycles. Before fall comes, he is planning to expand his business and purchase more bicycles from the capital city, Ulaanbaatar, where he goes every two months to purchase bicycles and spare parts at very cheap prices. His wife Batchimeg works as a saleswoman at a local food stall and is paid 150,000 ($110 USD) tugrugs per month. With this loan, he will purchase a variety of bicycles at wholesale prices to increase his business inventory.
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Journal entries for Uuganbayar Gomid
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Loan has been disbursed
Location: Uvurhangay, Mongolia
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Posted by
from Uvurhangay, Mongolia
Jun 27, 2009 |
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Comment on this entry
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Repayment Schedule for Uuganbayar Gomid
Repayment Schedule for Uuganbayar Gomid
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $70.59 | $70.62 |  Repayment Received
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| September 2009 | $98.82 | $98.79 | Repayment Received
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| October 2009 | $98.82 | $100.88 | Repayment Received
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| November 2009 | $98.82 | $96.84 | Repayment Received
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| December 2009 | $77.65 | $80.00 | Repayment Received
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| January 2010 | $77.65 | Available Jan 1 | |||
| February 2010 | $77.65 | Available Feb 1 | |||
| March 2010 | $84.71 | Available Mar 1 | |||
| April 2010 | $84.71 | Available Apr 1 | |||
| May 2010 | $84.71 | Available May 1 | |||
| June 2010 | $84.71 | Available Jun 1 | |||
| July 2010 | $261.16 | Available Jul 1 | |||
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