Norjinsuren Tidev


Status: Paying Back

$1,425.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Norjinsuren Tidev
Location: Ulaanbaatar, Mongolia
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,425.00
Loan Use: To purchase more vegetables to increase her business inventory
Repayment Term: 21 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 1, 2009
Date Disbursed: Jun 29, 2009
Date Funded:Jul 1, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,422.0000 MNT = 1 USD



Norjinsuren Tidev is a 32-years-old married woman. Her family lives in a "ger" (nomadic housing tent) district Ulaanbaatar, the capital city of Mongolia. She moved to the capital city from Gobi-Altay, one of the western provinces that is located more than 1,000 kilometers away from the capital. Her husband, Ganbat, works as a plumber for a privately held company.

As soon as she moved in, Norjinsuren started running a retail business, selling vegetables through a rental stall at the local food market. She purchases a variety of vegetables including potatoes, carrots and cabbages from the wholesale market and then resells them at retail prices to locals, mostly repeat buyers.

With this loan Norjinsuren is planning to purchase vegetables to increase her business inventory since she has bought a secondhand car for her business using her business income.

Norjinsuren seems quite a shy woman. She says that ''my husband and I are planning to have a baby in near future. Honestly I don't have a very big dream with my business. What I think in life is I want to have many children and grow them healthy and with no hunger.”


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Journal entries for Norjinsuren Tidev


Loan has been disbursed
 
Entrepreneur: Norjinsuren Tidev
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Norjinsuren Tidev by XacBank in Mongolia. We are excited to watch this business grow. Over the 18 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
Jul 2, 2009
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Kiva Help Repayment Schedule for Norjinsuren Tidev

  Expected Repayments Actual Repayments Comments
October 2009 $79.17 $79.30 Repayment Received
November 2009 $79.17 $81.35 Repayment Received
December 2009 $79.17 $77.22 Repayment Received
January 2010 $79.17 Available Jan 1  
February 2010 $79.17 Available Feb 1  
March 2010 $79.17 Available Mar 1  
April 2010 $79.17 Available Apr 1  
May 2010 $79.17 Available May 1  
June 2010 $79.17 Available Jun 1  
July 2010 $79.17 Available Jul 1  
August 2010 $79.17 Available Aug 1  
September 2010 $79.17 Available Sep 1  
October 2010 $79.17 Available Oct 1  
November 2010 $79.17 Available Nov 1  
December 2010 $79.17 Available Dec 1  
January 2011 $79.17 Available Jan 1  
February 2011 $79.17 Available Feb 1  
March 2011 $79.11 Available Mar 1