Davagsumberel Tuv-ochir


Status: Paid Back

$1,050.00   Loan Request
$1,050.00   Paid Back

About the Entrepreneur

Name: Davagsumberel Tuv-ochir
Location: Arhangai, Mongolia
Activity: Vehicle Repairs

About the Loan

Loan Amount: $1,050.00
Loan Use: To purchase more spare parts for his business
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 15, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jul 17, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,444.0000 MNT = 1 USD



Davagsumberel Tuv-Ochir is 47 years old and lives with his wife and two children in Arhangai province, one of Mongolia's central provinces. His daughter is 19 years old and studies in a local university, and his 13-year-old son is a high school student.

Davagsumberel Tuv-Ochir runs a small car repair shop. He offers various car services including diagnosing, repairing various vehicles and selling second-hand car accessories. He started his car repair shop in 2007 with his small capital of 350,000 MNT ($1 USD = 1,450 MNT). Since then, his business has grown exponentially and his business capital currently exceeds 1,800,000 MNT. Since his repair shop is located just next to the main road in the town, he is usually busy with many customers. In addition, when he has too many orders, his wife and son help him in his business. He says that he would like to expand his business and become a full-service car-repair shop in the town.

He requests a loan to purchase more second-hand accessories for his repair shop.


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Journal entries for Davagsumberel Tuv-ochir


Loan has been disbursed
 
Entrepreneur: Davagsumberel Tuv-ochir
Location: Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Davagsumberel Tuv-Ochir by XacBank in Mongolia. We are excited to watch this business grow. Over the 24 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
Jul 18, 2009
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Kiva Help Repayment Schedule for Davagsumberel Tuv-ochir

  Expected Repayments Actual Repayments Comments
October 2009 $43.75 $1,050.00 Repayment Received
November 2009 $42.91 $0.00 Repayment Received
December 2009 $43.75 Available Dec 1 Repayment Received
January 2010 $43.75 Available Jan 1 Repayment Received
February 2010 $43.02 Available Feb 1 Repayment Received
March 2010 $43.75 Available Mar 1 Repayment Received
April 2010 $44.41 Available Apr 1 Repayment Received
May 2010 $44.37 Available May 1 Repayment Received
June 2010 $43.75 Available Jun 1 Repayment Received
July 2010 $43.75 Available Jul 1 Repayment Received
August 2010 $43.24 Available Aug 1 Repayment Received
September 2010 $43.75 Available Sep 1 Repayment Received
October 2010 $43.75 Available Oct 1 Repayment Received
November 2010 $43.75 Available Nov 1 Repayment Received
December 2010 $43.75 Available Dec 1 Repayment Received
January 2011 $43.75 Available Jan 1 Repayment Received
February 2011 $43.75 Available Feb 1 Repayment Received
March 2011 $43.75 Available Mar 1 Repayment Received
April 2011 $43.75 Available Apr 1 Repayment Received
May 2011 $43.75 Available May 1 Repayment Received
June 2011 $43.75 Available Jun 1 Repayment Received
July 2011 $43.75 Available Jul 1 Repayment Received
August 2011 $43.75 Available Aug 1 Repayment Received
September 2011 $44.55 Available Sep 1 Repayment Received