Doljinjav Tovuu


Status: Paying Back

$700.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Doljinjav Tovuu
Location: Tsetserleg, Arhangai, Mongolia
Activity: Retail

About the Loan

Loan Amount: $700.00
Loan Use: To purchase more goods
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 20, 2009
Date Disbursed: Aug 13, 2009
Date Funded:Aug 22, 2009

About the Country

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



Doljinjav is a 41-year-old businesswoman who lives with her family in Arkhangai province in central Mongolia. Her three oldest children are university students and the youngest is a secondary school student. Doljinjav operates a mobile retail trading business in her town. With the help of her husband, who is a driver, she uses the family car to travel throughout the countryside selling goods to local farmers. In addition to her mobile business, Doljinjav also purchases dairy products from the farmers to sell at the local market or sometimes in Ulaanbaatar, Mongolia's capital city. Doljinjav started her business in 2000 and has achieved success. Since she started, her business capital has increased to more than five times its starting amount. She uses the business' profits to pay her children's university tuition, which is very expensive for the average rural family in Mongolia. Doljinjav is a very hard-working and open-minded person and says, "My dream is to one day have my own grocery store." She is requesting a 1,000,000 tugrug (approx. $690 USD) loan to purchase more goods for her mobile trading business.

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Journal entries for Doljinjav Tovuu


Loan has been disbursed
 
Entrepreneur: Doljinjav Tovuu
Location: Tsetserleg, Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Doljinjav Tovuu 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 23, 2009
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Kiva Help Repayment Schedule for Doljinjav Tovuu

  Expected Repayments Actual Repayments Comments
November 2009 $57.80 $57.82 Repayment Received
December 2009 $58.33 $58.46 Repayment Received
January 2010 $58.33 Available Jan 1  
February 2010 $57.93 Available Feb 1  
March 2010 $58.34 Available Mar 1  
April 2010 $58.64 Available Apr 1  
May 2010 $58.60 Available May 1  
June 2010 $58.34 Available Jun 1  
July 2010 $58.33 Available Jul 1  
August 2010 $58.20 Available Aug 1  
September 2010 $58.33 Available Sep 1  
October 2010 $58.83 Available Oct 1