Gunjilmaa Dugersuren


Status: Paying Back

$1,400.00   Loan Amount
11% repaid

About the Entrepreneur

Name: Gunjilmaa Dugersuren
Location: Ulaanbaatar, Mongolia
Activity: Clothing Sales

About the Loan

Loan Amount: $1,400.00
Loan Use: to purchase more clothing goods
Repayment Term: 21 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 19, 2009
Date Disbursed: Jul 28, 2009
Date Funded:Aug 24, 2009

About the Country

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



Dugersuren Gunjilmaa is 41 years old and lives with her husband and three children in Ulaanbaatar, the capital city of Mongolia. In 2000, she moved her family to the city in the hope of finding better opportunities and improving their life. In her previous home of Govisumber province in southeastern Mongolia, Gunjilmaa worked as a salesperson at a local grocery store. Upon settling in Ulaanbaatar, she and her husband started a clothes selling business out of a stall at Narantuul, the largest outdoor market in the city. Since then, their business has grown steadily and they have used their profits to open a second stall at the market. Today, their business has capital that exceeds 1.5 million tugrugs (approx. $1,036 USD) and operates with a profit margin of 30-40%. In the future, Gunjilmaa hopes to provide her children, who all currently attend secondary school, with a quality education. She dreams that they will become well educated and important people for Mongolia. She is requesting a 2million tugrug (approx. $1,381 USD) loan to purchase more clothing goods to sell as her busy season is fast approaching.

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Journal entries for Gunjilmaa Dugersuren


Loan has been disbursed
 
Entrepreneur: Gunjilmaa Dugersuren
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Gunjilmaa Dugersuren by XacBank in Mongolia. We are excited to watch this business grow. Over the 18 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 25, 2009
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Kiva Help Repayment Schedule for Gunjilmaa Dugersuren

  Expected Repayments Actual Repayments Comments
November 2009 $77.78 $77.84 Repayment Received
December 2009 $77.78 $77.84 Repayment Received
January 2010 $77.77 Available Jan 1  
February 2010 $77.78 Available Feb 1  
March 2010 $77.78 Available Mar 1  
April 2010 $77.78 Available Apr 1  
May 2010 $77.77 Available May 1  
June 2010 $77.78 Available Jun 1  
July 2010 $77.78 Available Jul 1  
August 2010 $77.78 Available Aug 1  
September 2010 $77.77 Available Sep 1  
October 2010 $77.78 Available Oct 1  
November 2010 $77.78 Available Nov 1  
December 2010 $77.78 Available Dec 1  
January 2011 $77.78 Available Jan 1  
February 2011 $77.77 Available Feb 1  
March 2011 $77.78 Available Mar 1  
April 2011 $77.78 Available Apr 1