Gombo Sanj


Status: Paying Back

$1,775.00   Loan Amount
35% repaid

About the Entrepreneur

Name: Gombo Sanj
Location: Arvaiheer, Uvurhangai, Mongolia
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,775.00
Loan Use: To buy machinery and an irrigation system
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 15, 2009
Date Disbursed: Aug 25, 2009
Date Funded:Sep 15, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,411.6400 MNT = 1 USD



Gombo is a very hard working person who is good at what he does. He lives with his wife and two university student children and who all help him with his vegetable planting and harvesting business. He started his business in 1995 with the help of his family. At the beginning they planted only small amounts of vegetables because of storage difficulties but as their business grew, they bought storage space to preserve the harvested vegetables. They plant all kinds of vegetables including potatoes, carrots and cabbage. Now they store approximately 40 tons of vegetables a year. After harvesting, they sell on the market for reasonable prices. In the future, he has a great desire to expand his planting area and produce quality vegetables that are good for people's health. This business is quite successful in the community. He is requesting a 2,500,000 tugrug (~1750 USD) loan in order to buy new machinery and to build an irrigation system which will make their business easier to manage.

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Journal entries for Gombo Sanj


Loan has been disbursed
 
Entrepreneur: Gombo Sanj
Location: Arvaiheer, Uvurhangai, Mongolia

Thank you for your loan. It has been disbursed to Gombo Sanj by XacBank in Mongolia. We are excited to watch this business grow. Over the 7 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
Sep 16, 2009
Comments (1)

Kiva Help Repayment Schedule for Gombo Sanj

  Expected Repayments Actual Repayments Comments
November 2009 $253.57 $253.57 Repayment Received
December 2009 $253.57 $373.93 Repayment Received
January 2010 $253.57 Available Jan 1  
February 2010 $253.58 Available Feb 1  
March 2010 $253.57 Available Mar 1  
April 2010 $106.50 Available Apr 1  
May 2010 $400.64 Available May 1