Ayush Bandi


Status: Paying Back

$1,400.00   Loan Amount
14% repaid

About the Entrepreneur

Name: Ayush Bandi
Location: Arvayheer, Ovorhangai, Mongolia
Activity: Manufacturing

About the Loan

Loan Amount: $1,400.00
Loan Use: To purchase a sewing machine for his shoe-making business
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 13, 2009
Date Disbursed: Jun 26, 2009
Date Funded:Jul 14, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,439.0000 MNT = 1 USD



Ayush Bandi is 57 years old and lives with his wife and 18-year-old daughter in Ovorhangai province, one of Mongolia's central provinces. His daughter is a senior student in a local high school. Ayush started a small shoe-making business with his wife in the early 1990s. He decided to pursue a small private business after the Mongolian economy translated into a free market economy in the 1990s. Ayush makes warm traditional boots. Their customers are mostly herders who need warm and well-built shoes for harsh winters. Since they have been in the business almost twenty years, they receive shoe-orders from many herders from different parts of the country. Ayush says that he would like expand his business by purchasing a specialized sewing machine that has the capacity to sew hard materials. The sewing machine will let him produce shoes more efficiently and less costly. Ayush's and his wife's ultimate hope is to make sure that his daughter receives a good education and pursues her dream. He requests a loan to purchase a sewing machine for his shoe-making business.

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Journal entries for Ayush Bandi


Loan has been disbursed
 
Entrepreneur: Ayush Bandi
Location: Arvayheer, Ovorhangai, Mongolia

Thank you for your loan. It has been disbursed to Ayush Bandi by XacBank in Mongolia. We are excited to watch this business grow. Over the 17 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Arvayheer, Ovorhangai, Mongolia
Jul 15, 2009
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Kiva Help Repayment Schedule for Ayush Bandi

  Expected Repayments Actual Repayments Comments
September 2009 $0.07 $0.07 Repayment Received
October 2009 $0.07 $0.47 Repayment Received
November 2009 $77.78 $77.45 Repayment Received
December 2009 $126.34 $126.34 Repayment Received
January 2010 $128.04 Available Jan 1  
February 2010 $129.32 Available Feb 1  
March 2010 $77.78 Available Mar 1  
April 2010 $77.78 Available Apr 1  
May 2010 $77.54 Available May 1  
June 2010 $77.78 Available Jun 1  
July 2010 $77.78 Available Jul 1  
August 2010 $77.78 Available Aug 1  
September 2010 $77.62 Available Sep 1  
October 2010 $77.78 Available Oct 1  
November 2010 $77.88 Available Nov 1  
December 2010 $77.78 Available Dec 1  
January 2011 $77.78 Available Jan 1  
February 2011 $83.10 Available Feb 1