Altangerel Dagiimaa
Status: Paying Back
| $2,425.00 | Loan Amount |
|---|
16% repaid
About the Entrepreneur
| Name: | Altangerel Dagiimaa |
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| Location: | Tsetserleg, Arhangai, Mongolia |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $2,425.00 |
|---|---|
| Loan Use: | to purchase more types of clothing |
| Repayment Term: | 20 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 19, 2009 |
| Date Disbursed: | Jul 28, 2009 |
| Date Funded: | Aug 31, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | XacBank |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 10 months |
| Kiva Entrepreneurs: | 811 |
| Total Loans: | $887,300 |
| Delinquency Rate: | 0.38% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Mongolia |
|---|---|
| Avg Annual Income: | $2,175.00 |
| Currency: | Mongolia Tugriks (MNT) |
| Exchange Rate: | 1,444.0000 MNT = 1 USD |
Altangerel Dagiimaa lives with his family in the province Arkhangai. He and his wife have 4 children. 3 of them go to school. He started his business in 2003, selling clothes in the market stand. Altangerel goes to Ereen, a Chinese border city, once or twice every month to purchase men's and women's apparel at cheaper prices. His business is running successfully and his working capital has increased from a start-up capital of 300,000 to 3,000,000 tugrigs.
As a result of his successful business, they could afford to build a house and buy a truck. In the future, they want to expand their business by producing construction blocks. He is requesting a loan of 3,500,000 to purchase more types of clothing.
As a result of his successful business, they could afford to build a house and buy a truck. In the future, they want to expand their business by producing construction blocks. He is requesting a loan of 3,500,000 to purchase more types of clothing.
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Journal entries for Altangerel Dagiimaa
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Loan has been disbursed
Location: Tsetserleg, Arhangai, Mongolia
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Posted by
from Tsetserleg, Arhangai, Mongolia
Sep 1, 2009 |
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Comment on this entry
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Repayment Schedule for Altangerel Dagiimaa
Repayment Schedule for Altangerel Dagiimaa
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $269.44 | $269.54 |  Repayment Received
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| December 2009 | $134.73 | $134.63 | Repayment Received
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| January 2010 | $134.72 | Available Jan 1 | |||
| February 2010 | $134.72 | Available Feb 1 | |||
| March 2010 | $134.72 | Available Mar 1 | |||
| April 2010 | $134.72 | Available Apr 1 | |||
| May 2010 | $134.73 | Available May 1 | |||
| June 2010 | $134.72 | Available Jun 1 | |||
| July 2010 | $134.72 | Available Jul 1 | |||
| August 2010 | $134.72 | Available Aug 1 | |||
| September 2010 | $134.72 | Available Sep 1 | |||
| October 2010 | $134.72 | Available Oct 1 | |||
| November 2010 | $134.73 | Available Nov 1 | |||
| December 2010 | $134.72 | Available Dec 1 | |||
| January 2011 | $134.72 | Available Jan 1 | |||
| February 2011 | $134.72 | Available Feb 1 | |||
| March 2011 | $134.73 | Available Mar 1 | |||
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