Ochirpurev Tumurkhuleg


Status: Paying Back

$1,400.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Ochirpurev Tumurkhuleg
Location: Arvaiheer, Uvurhangai, Mongolia
Activity: Used Clothing

About the Loan

Loan Amount: $1,400.00
Loan Use: to purchase more used clothing
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 24, 2009
Date Disbursed: Aug 13, 2009
Date Funded:Aug 26, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,444.5000 MNT = 1 USD



Ochirpurev Tumurkhuleg is a 30 year-old businessman, who lives with his wife and an under-school-age son in a ger (nomadic housing tent) in Uvurkhangai province in central Mongolia. In 2005 he started his business selling second-hand clothes at the local market with his wife. They bring goods, such as clothing and shoes, from Narantuul, the largest out-door market in the capital city, Ulaanbaatar. Ochirpurev and his wife then resell the goods in Uvurkhangai at a retail price. Over the years he has gained much experience and his business is successful. Besides his primary business, he is working hard to have another stall where his wife will sell new clothes imported from China. Ochirpurev is an open-minded, hard-working and responsible person. He says, "I would like to improve and expand my business so that I can build a cozy and warm house." He is requesting 2,0 million tugrugs (~1,380 USD) to purchase more supplies. At the picture: Ochirpurev with his spouse.

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Journal entries for Ochirpurev Tumurkhuleg


Loan has been disbursed
 
Entrepreneur: Ochirpurev Tumurkhuleg
Location: Arvaiheer, Uvurhangai, Mongolia

Thank you for your loan. It has been disbursed to Ochirpurev Tumurkhuleg 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 Arvaiheer, Uvurhangai, Mongolia
Aug 27, 2009
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Kiva Help Repayment Schedule for Ochirpurev Tumurkhuleg

  Expected Repayments Actual Repayments Comments
November 2009 $58.33 $59.64 Repayment Received
December 2009 $57.13 $56.05 Repayment Received
January 2010 $58.33 Available Jan 1  
February 2010 $58.33 Available Feb 1  
March 2010 $58.34 Available Mar 1  
April 2010 $58.33 Available Apr 1  
May 2010 $58.33 Available May 1  
June 2010 $57.44 Available Jun 1  
July 2010 $58.34 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $57.60 Available Sep 1  
October 2010 $58.33 Available Oct 1  
November 2010 $58.96 Available Nov 1  
December 2010 $58.34 Available Dec 1  
January 2011 $58.33 Available Jan 1  
February 2011 $58.81 Available Feb 1  
March 2011 $58.33 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 $58.33 Available Jul 1  
August 2011 $58.50 Available Aug 1  
September 2011 $58.33 Available Sep 1  
October 2011 $59.91 Available Oct 1