Tumurkhuyag Mishka


Status: Paying Back

$1,050.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Tumurkhuyag Mishka
Location: Tsetserleg, Arhangai, Mongolia
Activity: Dairy

About the Loan

Loan Amount: $1,050.00
Loan Use: To purchase more dairy products
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 7, 2009
Date Disbursed: Oct 2, 2009
Date Funded:Oct 9, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,435.0000 MNT = 1 USD



Tumurkhuyag is 23 years old and lives with his wife and one-year-old child in the Arkhangai province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent.

Tumurkhuyag operates a dairy retail business in his town with his wife. He purchases his dairy products from Bulgan Sum, a smaller town nearby, and sells them at the central market in his town or in Ulaanbaatar, the capital city of Mongolia.

Tumurkhyuyag began his business in 2006 with working capital of 1,000,000 tugrug (~700 USD) and since then, his working capital has grown to exceed 1,500,000 tugrug (~1050 USD). Since beginning his business, he has been able to not only provide for his young family, but he has also been able to purchase a car which helps him transport the dairy products to market.

Tumurkhuyag hopes to continue to grow his business so that he can provide for his family in the future. He is requesting a 1,500,000 tugrug loan to purchase more dairy products so that he can attract even more customers in the markets.


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Journal entries for Tumurkhuyag Mishka


Loan has been disbursed
 
Entrepreneur: Tumurkhuyag Mishka
Location: Tsetserleg, Arhangai, Mongolia

Thank you for your loan. It has been disbursed to Tumurkhuyag Mishka 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 Tsetserleg, Arhangai, Mongolia
Oct 10, 2009
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Kiva Help Repayment Schedule for Tumurkhuyag Mishka

  Expected Repayments Actual Repayments Comments
December 2009 $87.50 $87.62 Repayment Received
January 2010 $87.50 Available Jan 1  
February 2010 $87.50 Available Feb 1  
March 2010 $87.50 Available Mar 1  
April 2010 $87.50 Available Apr 1  
May 2010 $87.50 Available May 1  
June 2010 $87.50 Available Jun 1  
July 2010 $87.50 Available Jul 1  
August 2010 $87.50 Available Aug 1  
September 2010 $87.50 Available Sep 1  
October 2010 $87.50 Available Oct 1  
November 2010 $87.50 Available Nov 1