Byambasuren Gombo


Status: Paying Back

$700.00   Loan Amount
25% repaid

About the Entrepreneur

Name: Byambasuren Gombo
Location: Tsetserleg, Arhangai, Mongolia
Activity: Sewing

About the Loan

Loan Amount: $700.00
Loan Use: To purchase supplies for her sewing business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 25, 2009
Date Disbursed: Jul 9, 2009
Date Funded:Jul 26, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,452.5000 MNT = 1 USD



Byambasuren Gombo is a 64-year-old widow. She lives with her daughter, Oyunbileg, age 27, in Arhangai, which is one of the central provinces of Mongolia. In 1998, she looked for a better life and, therefore, moved to Arhangai Province. As soon as she moved, she started running a tailoring business from home.

Byambasuren gets orders from local residents and herders to sew a "deel," the Mongolian traditional dress, or she makes the deels first and then sells them. During the university graduation ceremony that is held in the spring, she gets a lot of orders from students. Her daugher, Oyunbileg, helps in her mother's business in addition to working as a teacher at a local elementary school.



Byambasuren makes the deels from cotton and a variety of silks. She is requests a loan to purchase raw materials for her business. She hopes to have her own working place in hear future and then expand her business by hiring employees, because she is getting more and more sewing orders.



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Journal entries for Byambasuren Gombo


Loan has been disbursed
 
Entrepreneur: Byambasuren Gombo
Location: Tsetserleg, Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Byambasuren Gombo by XacBank in Mongolia. We are excited to watch this business grow. Over the 12 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tsetserleg, Arhangai, Mongolia
Jul 27, 2009
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Kiva Help Repayment Schedule for Byambasuren Gombo

  Expected Repayments Actual Repayments Comments
October 2009 $58.33 $58.38 Repayment Received
November 2009 $58.34 $60.83 Repayment Received
December 2009 $58.33 $55.79 Repayment Received
January 2010 $58.33 Available Jan 1  
February 2010 $58.34 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $58.33 Available Apr 1  
May 2010 $58.33 Available May 1  
June 2010 $58.34 Available Jun 1  
July 2010 $58.33 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $58.34 Available Sep 1