Uranbold Noop


Status: Paying Back

$2,775.00   Loan Amount
12% repaid

About the Entrepreneur

Name: Uranbold Noop
Location: Ulaanbaatar, Mongolia
Activity: Cafe

About the Loan

Loan Amount: $2,775.00
Loan Use: To renovate his tea house into a cafe
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 20, 2009
Date Disbursed: Jul 31, 2009
Date Funded:Aug 23, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,445.0000 MNT = 1 USD



Uranbold Noop is 41 years old and lives with his wife and two children in Chingletei district in Ulaanbaatar, the capital city of Mongolia. His son and daughter both currently attend high school.


Along with his wife, Lkhagvaa, Uranbold operates a tea house. His business is very popular – it has many regular customers in the area and is a favorite among the local microbus drivers. Uranbold started his tea house in 2005 with capital of 230,000 MNT. He currently employs one cook and his wife helps out by keeping all the records of the business.


The tea house has been operating successfully for four years. Uranbold attributes his success as a businessman to his experience, soft temperament, and his helpful, hardworking nature. He hopes to use the continued success of the tea house to expand into a cafe, and he also wants to save for his children's education. Uranbold is requesting a 4,000,000 MNT loan to renovate his tea house into a cafe.


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Journal entries for Uranbold Noop


Loan has been disbursed
 
Entrepreneur: Uranbold Noop
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Uranbold Noop by XacBank in Mongolia. We are excited to watch this business grow. Over the 23 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ulaanbaatar, Mongolia
Aug 24, 2009
Comment on this entry

Kiva Help Repayment Schedule for Uranbold Noop

  Expected Repayments Actual Repayments Comments
October 2009 $115.63 $115.63 Repayment Received
November 2009 $115.62 $115.62 Repayment Received
December 2009 $115.63 $115.63 Repayment Received
January 2010 $115.62 Available Jan 1  
February 2010 $115.63 Available Feb 1  
March 2010 $115.62 Available Mar 1  
April 2010 $115.63 Available Apr 1  
May 2010 $115.62 Available May 1  
June 2010 $115.63 Available Jun 1  
July 2010 $115.62 Available Jul 1  
August 2010 $115.63 Available Aug 1  
September 2010 $115.62 Available Sep 1  
October 2010 $115.63 Available Oct 1  
November 2010 $115.62 Available Nov 1  
December 2010 $115.63 Available Dec 1  
January 2011 $115.62 Available Jan 1  
February 2011 $115.63 Available Feb 1  
March 2011 $115.62 Available Mar 1  
April 2011 $115.63 Available Apr 1  
May 2011 $115.62 Available May 1  
June 2011 $115.63 Available Jun 1  
July 2011 $115.63 Available Jul 1  
August 2011 $115.62 Available Aug 1  
September 2011 $115.62 Available Sep 1