Erdenee Choisamba


Status: Paying Back

$1,400.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Erdenee Choisamba
Location: Uliastai, Zavhan, Mongolia
Activity: Retail

About the Loan

Loan Amount: $1,400.00
Loan Use: to purchase more household goods
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 8, 2009
Date Disbursed: Oct 7, 2009
Date Funded:Nov 2, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,450.0000 MNT = 1 USD



Erdenee is 38 years old and lives with his wife and three children in the Zavkhan province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. All of his children attend a local secondary school while his wife helps him run his business. Erdenee owns and operates a successful household goods retail business in his town. He started his business in 2002 and attributes its success to his excellent accounting skills and he and his wife’s hard work. He hopes to one day move his business into his own store so that he can expand the number of products he sells. Erdenee is requesting a 2,000,000 tugrug (~1400 USD) loan to purchase more household goods so that he can attract new customers.

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Journal entries for Erdenee Choisamba


Loan has been disbursed
 
Entrepreneur: Erdenee Choisamba
Location: Uliastai, Zavhan, Mongolia

Thank you for your loan. It has been disbursed to Erdenee Choisamba 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 Uliastai, Zavhan, Mongolia
Nov 3, 2009
Comment on this entry

Kiva Help Repayment Schedule for Erdenee Choisamba

  Expected Repayments Actual Repayments Comments
January 2010 $59.59 Available Jan 1  
February 2010 $58.34 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $57.23 Available Apr 1  
May 2010 $57.29 Available May 1  
June 2010 $58.33 Available Jun 1  
July 2010 $58.33 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $58.34 Available Sep 1  
October 2010 $59.12 Available Oct 1  
November 2010 $58.33 Available Nov 1  
December 2010 $58.34 Available Dec 1  
January 2011 $57.70 Available Jan 1  
February 2011 $58.33 Available Feb 1  
March 2011 $58.34 Available Mar 1  
April 2011 $58.33 Available Apr 1  
May 2011 $58.33 Available May 1  
June 2011 $58.33 Available Jun 1  
July 2011 $58.65 Available Jul 1  
August 2011 $58.34 Available Aug 1  
September 2011 $58.33 Available Sep 1  
October 2011 $58.17 Available Oct 1  
November 2011 $58.34 Available Nov 1  
December 2011 $58.91 Available Dec 1