Norjmaa Davaajav


Status: Paying Back

$725.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Norjmaa Davaajav
Location: Ulaanbaatar, Mongolia
Activity: Food Production/Sales

About the Loan

Loan Amount: $725.00
Loan Use: To purchase more food products to sell and to repair her home.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 17, 2009
Date Disbursed: Aug 31, 2009
Date Funded:Sep 21, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,411.0000 MNT = 1 USD



Norjmaa lives with her three children and husband in a yurt-like Mongolian nomadic dwelling called a "ger" in the Chigeltei district of Ulaanbaatar, Mongolia. Her husband helps her with her business and her three children attend university and high school.

Norjmaa is a salesperson. She started her business in 2000 in the Huchit Shonhor Market, one of the biggest local markets. She also has a little shop near her home that is managed by her children. Her husband is also very good at making wooden products, thus adding profits to their family earnings. She also buys animal fat in enormous amounts and makes cooking oils.

She truly wants to increase her business profits and to contribute them for her children's future. Her dream is to make her counter bigger and redesign and repair their home to be more comfortable for all of the family members. She is requesting a 1, 000,000 tugrug ($725 USD) loan to purchase more products to sell and to repair her home.

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Journal entries for Norjmaa Davaajav


Loan has been disbursed
 
Entrepreneur: Norjmaa Davaajav
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Norjmaa Davaajav by XacBank in Mongolia. We are excited to watch this business grow. Over the 11 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
Sep 22, 2009
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Kiva Help Repayment Schedule for Norjmaa Davaajav

  Expected Repayments Actual Repayments Comments
November 2009 $60.42 $0.00 Repayment Received
December 2009 $60.41 $121.62 Repayment Received
January 2010 $60.42 Available Jan 1  
February 2010 $60.42 Available Feb 1  
March 2010 $60.41 Available Mar 1  
April 2010 $60.42 Available Apr 1  
May 2010 $60.41 Available May 1  
June 2010 $60.42 Available Jun 1  
July 2010 $60.42 Available Jul 1  
August 2010 $60.41 Available Aug 1  
September 2010 $60.42 Available Sep 1  
October 2010 $60.42 Available Oct 1