Bazarsad Munkh


Status: Paying Back

$850.00   Loan Amount
4% repaid

About the Entrepreneur

Name: Bazarsad Munkh
Location: Harhorin, Uvurhangai, Mongolia
Activity: Grocery Store

About the Loan

Loan Amount: $850.00
Loan Use: To purchase more groceries and ice cream for her store
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 25, 2009
Date Disbursed: Sep 22, 2009
Date Funded:Sep 26, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,420.0000 MNT = 1 USD



Bazarsad is 66 years old and lives with her grandson in the Uvurkhangai province in central Mongolia. The two of them live in a ger, a traditional Mongolian tent home, in the capital city of the ancient Mongolian empire of Khar-khorin. Her grandson currently attends the Technology and Science University of Mongolia.

Bazarsad owns and operates a small store in her town selling a variety of grocery and consumer products. Her grandson helps out at the store by selling ice cream, which is a very popular item during the hot Mongolian summers.

Bazarsad started her shop in 2003 after retiring from her career as an obstetrician at the local hospital. With the addition of the ice-cream sales, she has been able to grow her business quickly and has slowly increased the variety of products she sells. She attributes her success to her good personality and customer-service practices that make her business popular in her community.

For the future, Bazarsad hopes to continue to expand her business. Her wish is that she can continue to support her grandson so that he can graduate and find a decent job. She is requesting a 1,200,000 tugrug loan to purchase more groceries and ice cream for her store.

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Journal entries for Bazarsad Munkh


Loan has been disbursed
 
Entrepreneur: Bazarsad Munkh
Location: Harhorin, Uvurhangai, Mongolia

Thank you for your loan. It has been disbursed to Bazarsad Munkh 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 Harhorin, Uvurhangai, Mongolia
Sep 28, 2009
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Kiva Help Repayment Schedule for Bazarsad Munkh

  Expected Repayments Actual Repayments Comments
December 2009 $35.42 $38.18 Repayment Received
January 2010 $35.41 Available Jan 1  
February 2010 $35.42 Available Feb 1  
March 2010 $35.42 Available Mar 1  
April 2010 $35.41 Available Apr 1  
May 2010 $35.42 Available May 1  
June 2010 $35.42 Available Jun 1  
July 2010 $35.41 Available Jul 1  
August 2010 $35.42 Available Aug 1  
September 2010 $35.42 Available Sep 1  
October 2010 $35.41 Available Oct 1  
November 2010 $35.42 Available Nov 1  
December 2010 $35.42 Available Dec 1  
January 2011 $35.41 Available Jan 1  
February 2011 $35.42 Available Feb 1  
March 2011 $35.42 Available Mar 1  
April 2011 $35.41 Available Apr 1  
May 2011 $35.42 Available May 1  
June 2011 $35.42 Available Jun 1  
July 2011 $35.41 Available Jul 1  
August 2011 $35.42 Available Aug 1  
September 2011 $35.42 Available Sep 1  
October 2011 $35.41 Available Oct 1  
November 2011 $35.42 Available Nov 1