Oyun Luvsan


Status: Paying Back

$1,400.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Oyun Luvsan
Location: Tsetserleg, Arhangai, Mongolia
Activity: Butcher Shop

About the Loan

Loan Amount: $1,400.00
Loan Use: To purchase more whole animal meats
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 20, 2009
Date Disbursed: Aug 12, 2009
Date Funded:Aug 21, 2009

About the Country

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



Luvsan Oyun is a 37-year-old businesswoman who lives with her husband and three children in Arkhangai Province in Central Mongolia. Her oldest son and daughter both attend a local secondary school, but her youngest son has not yet reached school age.

Oyun operates a small butcher shop in her town where she sells meat to local residents from a stall at the local market. Her husband, who works as a stoker, helps in his free time. Oyun started her business in 2000 with capital of 300,000 tugrugs (approx. $207 USD). Because of her hard work and strong customer service skills, her business has been successful and her current business capital exceeds 1,300,000 tugrugs (approx. $898 USD). In the future, she hopes to open a second stall in the market to expand her business.

She says, "I would like to have my own workplace and fund my children's education." She is requesting a loan of 2,000,000 tugrugs to purchase more meat.

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Journal entries for Oyun Luvsan


Loan has been disbursed
 
Entrepreneur: Oyun Luvsan
Location: Tsetserleg, Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Oyun Luvsan by XacBank in Mongolia. We are excited to watch this business grow. Over the 24 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 22, 2009
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Kiva Help Repayment Schedule for Oyun Luvsan

  Expected Repayments Actual Repayments Comments
November 2009 $58.33 $58.35 Repayment Received
December 2009 $58.34 $58.68 Repayment Received
January 2010 $57.35 Available Jan 1  
February 2010 $58.33 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $58.33 Available Apr 1  
May 2010 $58.34 Available May 1  
June 2010 $58.33 Available Jun 1  
July 2010 $59.05 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $58.34 Available Sep 1  
October 2010 $57.75 Available Oct 1  
November 2010 $58.33 Available Nov 1  
December 2010 $58.33 Available Dec 1  
January 2011 $58.34 Available Jan 1  
February 2011 $58.33 Available Feb 1  
March 2011 $58.69 Available Mar 1  
April 2011 $58.33 Available Apr 1  
May 2011 $58.34 Available May 1  
June 2011 $58.33 Available Jun 1  
July 2011 $58.15 Available Jul 1  
August 2011 $58.34 Available Aug 1  
September 2011 $58.33 Available Sep 1  
October 2011 $59.01 Available Oct 1