Otgonbayar Lhamjav


Status: Paying Back

$1,850.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Otgonbayar Lhamjav
Location: Ulaanbaatar, Mongolia
Activity: Services

About the Loan

Loan Amount: $1,850.00
Loan Use: To purchase office equipment and supplies
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 17, 2009
Date Disbursed: Sep 2, 2009
Date Funded:Sep 19, 2009

About the Country

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



Otgonbayar Lhamjav lives with her husband and two children. Her husband is a lawyer and gives legal advice. He also sometimes works as a legal assistant. Otgonbayar is an English translator who had first worked at her sister's company and then, in 2004, started her own "Double" Co., Ltd translation company.


Her monthly revenues can be as high as 800,000 tugrug (~563 USD) with a net profit of 300,000 tugrug (~210 USD). She is working hard to open a new branch and still struggling to maintain and continue her business. One of the reasons for her success is that she is good at accounting.


One of her most important goals is to educate her children well so that they can lead their own lives without any difficulty. For that reason she is trying hard to increase the company's profit. She says that doing translation work for others is a very helpful thing to do. She states "I am happy to see smiling faces everyday". All of her customers are satisfied with the translation work that her company does for them. They say that they trust the translations done by Otgobayar's employees more than any other translating company.


Otgonbayer would like to purchase new dictionaries, computers and necessary stationary in order to improve the effectiveness and efficiency of her business. She is requesting a 2,600,000 tugrug (~1400 USD) loan.


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Journal entries for Otgonbayar Lhamjav


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

Thank you for your loan. It has been disbursed to Otgonbayar Lhamjav 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
Sep 20, 2009
Comment on this entry

Kiva Help Repayment Schedule for Otgonbayar Lhamjav

  Expected Repayments Actual Repayments Comments
December 2009 $77.08 $98.46 Repayment Received
January 2010 $77.09 Available Jan 1  
February 2010 $77.08 Available Feb 1  
March 2010 $77.08 Available Mar 1  
April 2010 $77.09 Available Apr 1  
May 2010 $77.08 Available May 1  
June 2010 $77.08 Available Jun 1  
July 2010 $77.08 Available Jul 1  
August 2010 $77.09 Available Aug 1  
September 2010 $77.08 Available Sep 1  
October 2010 $77.08 Available Oct 1  
November 2010 $77.09 Available Nov 1  
December 2010 $77.08 Available Dec 1  
January 2011 $77.08 Available Jan 1  
February 2011 $77.09 Available Feb 1  
March 2011 $77.08 Available Mar 1  
April 2011 $77.08 Available Apr 1  
May 2011 $77.09 Available May 1  
June 2011 $77.08 Available Jun 1  
July 2011 $77.08 Available Jul 1  
August 2011 $77.09 Available Aug 1  
September 2011 $77.08 Available Sep 1  
October 2011 $77.08 Available Oct 1  
November 2011 $77.09 Available Nov 1