Bat-erdene Badamgarav


Status: Paying Back

$2,775.00   Loan Amount
17% repaid

About the Entrepreneur

Name: Bat-erdene Badamgarav
Location: Tsetserleg, Arhangai, Mongolia
Activity: Hardware

About the Loan

Loan Amount: $2,775.00
Loan Use: Purchasing solar energy panels and electric generators from Erlian, China
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 18, 2009
Date Disbursed: Aug 7, 2009
Date Funded:Aug 23, 2009

About the Country

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



Bat-Erdene Badamgarav is a 40-year-old businessman who lives with his wife and their four children in Arkhangai province in central Mongolia. All of the children, three girls and a boy, attend the local secondary school. Bat-Erdene and his wife of 20 years began selling clothes at the local market in 2000. Because of their hard work and honesty, their business has grown rapidly and they have established a very positive reputation throughout the local community.

Bat-Erdene has proven to be a savvy businessmen. He has expanded his business to selling solar energy panels and electric generators after noticing they were becoming popular among the local farmers. He keeps his bookkeeping very neat, helping him track the costs and sales of the business.

The success of the business has enabled him and his wife to buy a van and a storage container at the local market, which will be used for the business. In the future, Bat-Erdene says, "I want to expand my business even more and have my own store."

Bat-Erdene is requesting a loan of 4,000,000 tugrugs to purchase more clothes, solar energy panels and electric generators from Erlian, China.

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Journal entries for Bat-erdene Badamgarav


Loan has been disbursed
 
Entrepreneur: Bat-erdene Badamgarav
Location: Tsetserleg, Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Bat-Erdene Badamgarav 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 24, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bat-erdene Badamgarav

  Expected Repayments Actual Repayments Comments
November 2009 $231.25 $491.17 Repayment Received
December 2009 $231.25 Available Dec 1 Repayment Received
January 2010 $231.25 Available Jan 1  
February 2010 $231.25 Available Feb 1  
March 2010 $231.25 Available Mar 1  
April 2010 $231.25 Available Apr 1  
May 2010 $231.25 Available May 1  
June 2010 $231.25 Available Jun 1  
July 2010 $231.25 Available Jul 1  
August 2010 $231.25 Available Aug 1  
September 2010 $231.25 Available Sep 1  
October 2010 $231.25 Available Oct 1