Oyuntsetseg Tumur


Status: Paying Back

$2,150.00   Loan Amount
58% repaid

About the Entrepreneur

Name: Oyuntsetseg Tumur
Location: Ulaanbaatar, Mongolia
Activity: Vehicle Repairs

About the Loan

Loan Amount: $2,150.00
Loan Use: to maintain and expand her car repair business
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 18, 2009
Date Disbursed: Aug 26, 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



T.Oyuntsetseg is a lathe operator who received her secondary education. In accordance with her occupation, she started her repair business in 1995 with the help of her husband. They live with their three daughters in a ger (Mongolian nomadic dwelling) in the Chingeltei District of Ulaanbaatar, Mongolia. This nomadic dwelling is quite small for 5 people.



They have a dream to buy more gers for their children when they get married and have their own lives. The oldest daughter studies at the Nursing College in order to become a very good nurse and help others. The other two daughters go to high school and study very hard in order to further their education and help their parents.



Oyuntsetseg's business is repairing and welding cars and iron goods. They also produce hand-made iron goods, such as chairs and shelves. With the iron goods, they earn 200,000 tugrug (~141 USD) and by repairing cars they earn approximately 300,000 to 500,000 tugrug (~210 USD - 350 USD) in a month. Since the start if the business, they have gained a great reputation among their customers. There is no one in their area unacquainted with them.



When people say "Huyga's home", everyone knows about whom they are talking. "It is significant to be good at one's occupation," says Oyuntsetseg, and that is true for everyone. They want to expand their business on behalf of their children's future. She is requesting a 3,000,000 tugrug (~2100 USD) loan to maintain and expand her car repair business.


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Journal entries for Oyuntsetseg Tumur


Loan has been disbursed
 
Entrepreneur: Oyuntsetseg Tumur
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Oyuntsetseg Tumur 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 Ulaanbaatar, Mongolia
Sep 20, 2009
Comment on this entry

Kiva Help Repayment Schedule for Oyuntsetseg Tumur

  Expected Repayments Actual Repayments Comments
November 2009 $89.58 $91.09 Repayment Received
December 2009 $89.59 $1,164.63 Repayment Received
January 2010 $89.58 Available Jan 1 Repayment Received
February 2010 $89.58 Available Feb 1 Repayment Received
March 2010 $89.59 Available Mar 1 Repayment Received
April 2010 $89.58 Available Apr 1 Repayment Received
May 2010 $89.58 Available May 1 Repayment Received
June 2010 $89.59 Available Jun 1 Repayment Received
July 2010 $89.58 Available Jul 1 Repayment Received
August 2010 $89.58 Available Aug 1 Repayment Received
September 2010 $89.59 Available Sep 1 Repayment Received
October 2010 $89.58 Available Oct 1 Repayment Received
November 2010 $89.58 Available Nov 1 Repayment Received
December 2010 $89.59 Available Dec 1 Repayment Received
January 2011 $89.58 Available Jan 1  
February 2011 $89.58 Available Feb 1  
March 2011 $89.59 Available Mar 1  
April 2011 $89.58 Available Apr 1  
May 2011 $89.58 Available May 1  
June 2011 $89.59 Available Jun 1  
July 2011 $89.58 Available Jul 1  
August 2011 $89.58 Available Aug 1  
September 2011 $89.59 Available Sep 1  
October 2011 $89.58 Available Oct 1