Tserenbaljir Otgonbayar


Status: Paying Back

$1,050.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Tserenbaljir Otgonbayar
Location: Ulaanbaatar, Mongolia
Activity: Taxi

About the Loan

Loan Amount: $1,050.00
Loan Use: to purchase tires for his vehicles and to renovate his house.
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 27, 2009
Date Disbursed: Aug 21, 2009
Date Funded:Aug 29, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,430.0000 MNT = 1 USD



Tserenbaljir Otgonbayar is a 30 year old businessman who lives with his wife and two children in the Chingeltei district of Ulaanbaatar, the capital city of Mongolia. Four years ago, he got married and built own house inside his yard. His wife used to work at sausage making workshop and now is at home, taking care of their 2 month old daughter. Tserenbaljir graduated from an art university and used to work as a music teacher at secondary school #20. Since 2006, he has run a taxi-driving business. As result of his hard work, he owns two cars. He drives one of the cars himself, while he leases the second for 150,000 (approx. $ 104 USD) tugrugs per month. He earns between 15,000-20,000 ( approx. $10-14 USD) tugrugs per day from his taxi business. Tserenbaljir plays the morin khuur, a mongolian traditional two- stringed musical instrument, and he plans to work as a musician some day in the future. Tserenbaljir is requesting a 1,500,000 tugrug (approx. $690 USD) loan to purchase tires for his vehicles and to renovate his house.

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Journal entries for Tserenbaljir Otgonbayar


Loan has been disbursed
 
Entrepreneur: Tserenbaljir Otgonbayar
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Tserenbaljir Otgonbayar 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 Ulaanbaatar, Mongolia
Aug 30, 2009
Comments (1)

Kiva Help Repayment Schedule for Tserenbaljir Otgonbayar

  Expected Repayments Actual Repayments Comments
November 2009 $43.75 $43.85 Repayment Received
December 2009 $43.75 $43.81 Repayment Received
January 2010 $43.75 Available Jan 1  
February 2010 $43.75 Available Feb 1  
March 2010 $43.75 Available Mar 1  
April 2010 $43.75 Available Apr 1  
May 2010 $43.75 Available May 1  
June 2010 $43.75 Available Jun 1  
July 2010 $43.75 Available Jul 1  
August 2010 $43.75 Available Aug 1  
September 2010 $43.75 Available Sep 1  
October 2010 $43.75 Available Oct 1  
November 2010 $43.75 Available Nov 1  
December 2010 $43.75 Available Dec 1  
January 2011 $43.75 Available Jan 1  
February 2011 $43.75 Available Feb 1  
March 2011 $43.75 Available Mar 1  
April 2011 $43.75 Available Apr 1  
May 2011 $43.75 Available May 1  
June 2011 $43.75 Available Jun 1  
July 2011 $43.75 Available Jul 1  
August 2011 $43.75 Available Aug 1  
September 2011 $43.75 Available Sep 1  
October 2011 $43.75 Available Oct 1