Otgonbayar Altangerel


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Otgonbayar Altangerel
Location: Uliastai, Zavhan, Mongolia
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $700.00
Loan Use: to purchase vegetables to sell this winter
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 8, 2009
Date Disbursed: Oct 1, 2009
Date Funded:Oct 9, 2009

About the Country

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



Altangerel Otgonbayar is 30 years old and lives with her husband and two children in Zavkhan province in western Mongolia. Her son and daughter both attend a local secondary school, and her husband is a taxi driver. They all live together in a ger, a traditional Mongolian housing tent. Otgonbayar operates a small grocery trading business in her town. Currently, due to a lack of having an adequate selling location and place to store her products, she only operates her business during the summer. Otgonbayar started her grocery trading business in 1999 when she began growing and selling her own vegetables. For the future, she plans to rent a stall in a large market where she can sell year round. She is focused on growing her business, and says, "I want to buy 2 more hectares of land to grow more vegetables". She is requesting a 1,000,000 tugrug (~700 USD) loan to purchase vegetables to sell this winter.

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Journal entries for Otgonbayar Altangerel


Loan has been disbursed
 
Entrepreneur: Otgonbayar Altangerel
Location: Uliastai, Zavhan, Mongolia

Thank you for your loan. It has been disbursed to Otgonbayar Altangerel 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 Uliastai, Zavhan, Mongolia
Oct 10, 2009
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Kiva Help Repayment Schedule for Otgonbayar Altangerel

  Expected Repayments Actual Repayments Comments
January 2010 $38.26 Available Jan 1  
February 2010 $38.89 Available Feb 1  
March 2010 $38.89 Available Mar 1  
April 2010 $38.89 Available Apr 1  
May 2010 $38.89 Available May 1  
June 2010 $38.89 Available Jun 1  
July 2010 $38.04 Available Jul 1  
August 2010 $38.89 Available Aug 1  
September 2010 $38.89 Available Sep 1  
October 2010 $38.57 Available Oct 1  
November 2010 $38.89 Available Nov 1  
December 2010 $38.89 Available Dec 1  
January 2011 $38.89 Available Jan 1  
February 2011 $38.89 Available Feb 1  
March 2011 $38.61 Available Mar 1  
April 2011 $38.89 Available Apr 1  
May 2011 $38.89 Available May 1  
June 2011 $40.95 Available Jun 1