Naranbaatar Dugarsuren


Status: Paying Back

$2,125.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Naranbaatar Dugarsuren
Location: Arvaiheer, Uvurhangai, Mongolia
Activity: Furniture Making

About the Loan

Loan Amount: $2,125.00
Loan Use: to purchase wood and supplies for his ger and wooden furniture business.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 22, 2009
Date Disbursed: Sep 8, 2009
Date Funded:Sep 22, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,417.5000 MNT = 1 USD



Dugarsuren Naranbaatar is 26 years old and lives with his parents in Uvurkhangai province in central Mongolia. He currently operates a wooden products and furniture production business in his town. He produces materials and wooden furniture used in gers, traditional Mongolian nomadic tent homes. He designs and produces the furniture himself and has one assistant that helps him. He owns a shipping container at the local market where his mother works to sell his products. Naranbaatar started his ger material and furniture production business in 2004 with the support of his father. His father, an experienced craftsman, taught him all the techniques and skills needed to make wooden products. However, after suffering a stroke, his father had to give up the trade and currently doesn't work. When he started, they produced furniture based on customer orders, but now take orders and produce furniture for sale at the shipping container. For the future, Naranbaatar hopes to continue to grow and expand his business. He says, "With the growth of my business, I hope to take care of my parents as long as I can.”. He is requesting a 3,000,000 tugrug (~2100 USD) loan to purchase wood and supplies for his ger and wooden furniture business.

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Journal entries for Naranbaatar Dugarsuren


Loan has been disbursed
 
Entrepreneur: Naranbaatar Dugarsuren
Location: Arvaiheer, Uvurhangai, Mongolia

Thank you for your loan. It has been disbursed to Naranbaatar Dugarsuren by XacBank in Mongolia. We are excited to watch this business grow. Over the 18 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 23, 2009
Comments (1)

Kiva Help Repayment Schedule for Naranbaatar Dugarsuren

  Expected Repayments Actual Repayments Comments
December 2009 $118.06 $118.22 Repayment Received
January 2010 $118.05 Available Jan 1  
February 2010 $114.66 Available Feb 1  
March 2010 $118.05 Available Mar 1  
April 2010 $118.06 Available Apr 1  
May 2010 $118.05 Available May 1  
June 2010 $127.66 Available Jun 1  
July 2010 $118.05 Available Jul 1  
August 2010 $118.06 Available Aug 1  
September 2010 $115.92 Available Sep 1  
October 2010 $115.17 Available Oct 1  
November 2010 $118.06 Available Nov 1  
December 2010 $117.30 Available Dec 1  
January 2011 $118.06 Available Jan 1  
February 2011 $118.06 Available Feb 1  
March 2011 $117.62 Available Mar 1  
April 2011 $118.05 Available Apr 1  
May 2011 $118.06 Available May 1