Sandagsuren Donhor


Status: Paying Back

$925.00   Loan Amount
25% repaid

About the Entrepreneur

Name: Sandagsuren Donhor
Location: Tsetserleg, Arhangai, Mongolia
Activity: Bakery

About the Loan

Loan Amount: $925.00
Loan Use: To purchase ingredients for his bakery business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 18, 2009
Date Disbursed: Jul 24, 2009
Date Funded:Aug 18, 2009

About the Country

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



Sandagsuren Donhor is 37 years old and the father of a 9-year-old daughter. He currently resides with his daughter in Arhangai province, one of Mongolia’s central provinces. His daughter is a first grade student in a local high school.

Sandagsuren has been running a small bakery shop since 2001. He started his bakery business alone and, since then, his business has expanded and now employs three people. He mostly supplies his bakery products to nearby grocery and convenience stores. Since the start, his business has been quite successful and his business capital has increased from 200,000 MNT to 1,500,000 MNT (1 USD = 1,450 MNT).

In the near future, Sandagsuren would like to expand his business by making instant noodles for local customers. He sees a great potential for the product to be a success in the town. Sandagsuren requests a loan to purchase ingredients for his bakery business.


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Journal entries for Sandagsuren Donhor


Loan has been disbursed
 
Entrepreneur: Sandagsuren Donhor
Location: Tsetserleg, Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Sandagsuren Donhor 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
Aug 19, 2009
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Kiva Help Repayment Schedule for Sandagsuren Donhor

  Expected Repayments Actual Repayments Comments
October 2009 $77.08 $77.14 Repayment Received
November 2009 $77.09 $77.03 Repayment Received
December 2009 $78.26 $78.60 Repayment Received
January 2010 $77.08 Available Jan 1  
February 2010 $77.09 Available Feb 1  
March 2010 $77.08 Available Mar 1  
April 2010 $77.08 Available Apr 1  
May 2010 $77.09 Available May 1  
June 2010 $77.55 Available Jun 1  
July 2010 $77.08 Available Jul 1  
August 2010 $77.09 Available Aug 1  
September 2010 $75.43 Available Sep 1