Ganzorig Kanidaa


Status: Paying Back

$2,350.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Ganzorig Kanidaa
Location: Hovd, Hovd, Mongolia
Activity: Construction Supplies

About the Loan

Loan Amount: $2,350.00
Loan Use: To purchase construction supplies
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 8, 2009
Date Disbursed: Aug 28, 2009
Date Funded:Sep 11, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,414.0000 MNT = 1 USD



Ganzorig is a single father who lives with his mother and seven-year-old daughter in Khovd province in western Mongolia. His mother is retired and his daughter is an elementary school student. Ganzorig currently operates a construction material trade business out of a rented stall at the largest market in his town. There are few competing businesses at this market, and his business has seen steady growth. Ganzorig started his business in 2004 after moving to the province center in an attempt to make a better life for himself. Before, he worked as a herder in the surrounding countryside and sold his livestock to get money to start his business.

Through the years, Ganzorig has gained much experience and grown his business. His dream is to one day open an electric home appliances store that sells goods using bank leasing. He also hopes to save money to buy his own apartment and to be able to provide for his daughter's education. Ganzorig is a very optimistic person and is working hard to achieve his dreams. He is requesting a loan of $2,350 to purchase more supplies for his construction materials trade business.

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Journal entries for Ganzorig Kanidaa


Loan has been disbursed
 
Entrepreneur: Ganzorig Kanidaa
Location: Hovd, Hovd, Mongolia

Thank you for your loan. It has been disbursed to Ganzorig Kanidaa 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 Hovd, Hovd, Mongolia
Sep 12, 2009
Comment on this entry

Kiva Help Repayment Schedule for Ganzorig Kanidaa

  Expected Repayments Actual Repayments Comments
November 2009 $97.92 $97.95 Repayment Received
December 2009 $97.91 $97.88 Repayment Received
January 2010 $97.92 Available Jan 1  
February 2010 $97.92 Available Feb 1  
March 2010 $97.91 Available Mar 1  
April 2010 $97.92 Available Apr 1  
May 2010 $97.92 Available May 1  
June 2010 $97.91 Available Jun 1  
July 2010 $97.92 Available Jul 1  
August 2010 $97.92 Available Aug 1  
September 2010 $97.91 Available Sep 1  
October 2010 $97.92 Available Oct 1  
November 2010 $97.92 Available Nov 1  
December 2010 $97.91 Available Dec 1  
January 2011 $97.92 Available Jan 1  
February 2011 $97.92 Available Feb 1  
March 2011 $97.91 Available Mar 1  
April 2011 $97.92 Available Apr 1  
May 2011 $97.92 Available May 1  
June 2011 $97.91 Available Jun 1  
July 2011 $97.92 Available Jul 1  
August 2011 $97.92 Available Aug 1  
September 2011 $97.91 Available Sep 1  
October 2011 $97.92 Available Oct 1