Byambasuren Chogsomjav


Status: Paying Back

$150.00   Loan Amount
26% repaid

About the Entrepreneur

Name: Byambasuren Chogsomjav
Location: Tsetserleg, Arhangai, Mongolia
Activity: Catering

About the Loan

Loan Amount: $150.00
Loan Use: To buy whole-animal meats
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 25, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jul 25, 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 Chogsomjav is a 59-year-old widow. She lives with her daughter and two granddaughters in a rented place in Arhangai, one of Mongolia's central provinces. Her grandchildren attend local elementary schools and her daughter runs a small business at the local market.

In 2008, Byambasuren started a catering business. She makes a variety of traditional meals and sells them to a local retailers. Her clients are mostly salesman and woman who have a stalls at the local market. She purchases meat, vegetables, rice, and flour for 20,000 tugrugs (equal to $ 14 USD) every day and makes around 40-50 dishes per day.



She says "I'm getting experiences pretty much. So I'm started thinking to rent a small space at the market and open my own cafe since my clients are like to have a meal i cooked for them".



With this loan, she will buy whole animals for meat for her tiny business, because meat is cheapest during the summer.



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Long Beach, CA
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Bloomington, IL
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KivaFriends.org, Monarch Beach, CA USA
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Eric
North Adelaide, South Australia
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Journal entries for Byambasuren Chogsomjav


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

Thank you for your loan. It has been disbursed to Byambasuren Chogsomjav by XacBank in Mongolia. We are excited to watch this business grow. Over the 11 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 26, 2009
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Kiva Help Repayment Schedule for Byambasuren Chogsomjav

  Expected Repayments Actual Repayments Comments
October 2009 $12.50 $12.92 Repayment Received
November 2009 $12.50 $12.80 Repayment Received
December 2009 $12.50 $13.78 Repayment Received
January 2010 $12.50 Available Jan 1  
February 2010 $12.50 Available Feb 1  
March 2010 $12.50 Available Mar 1  
April 2010 $12.50 Available Apr 1  
May 2010 $12.50 Available May 1  
June 2010 $12.50 Available Jun 1  
July 2010 $12.50 Available Jul 1  
August 2010 $12.50 Available Aug 1  
September 2010 $12.50 Available Sep 1