Bathuu Amarsaikhan


Status: Paying Back

$1,750.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Bathuu Amarsaikhan
Location: Hovd, Hovd, Mongolia
Activity: Milk Sales

About the Loan

Loan Amount: $1,750.00
Loan Use: To purchase more dairy products to sell during the upcoming winter months
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 12, 2009
Date Disbursed: Oct 7, 2009
Date Funded:Oct 16, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,445.0000 MNT = 1 USD



Bathuu Amarsaikhan is 36 years old and lives with his wife and three children in the Khovd province of western Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. All three of Amarsaikhan’s children attend a local secondary school while his wife helps him out with his business. Amarsaikhan operates a dairy product retail business in his town at the local market. He purchases all of his dairy products from the Arkhangai province which is known nationally for its wonderful dairy. Amarsaikhan attributes his business success to his knowledge of the local market demands. He is requesting a 2,500,000 tugrug (~1750 USD) loan in order to purchase more dairy products to sell during the upcoming winter months when prices for such products traditionally rise.

One of Bathuu's daughters, who occasionally helps out with his dairy retail business is pictured above

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Journal entries for Bathuu Amarsaikhan


Loan has been disbursed
 
Entrepreneur: Bathuu Amarsaikhan
Location: Hovd, Hovd, Mongolia

Thank you for your loan. It has been disbursed to Bathuu Amarsaikhan 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 Hovd, Hovd, Mongolia
Oct 17, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bathuu Amarsaikhan

  Expected Repayments Actual Repayments Comments
January 2010 $97.22 Available Jan 1  
February 2010 $97.22 Available Feb 1  
March 2010 $97.23 Available Mar 1  
April 2010 $97.22 Available Apr 1  
May 2010 $97.22 Available May 1  
June 2010 $97.22 Available Jun 1  
July 2010 $97.23 Available Jul 1  
August 2010 $97.22 Available Aug 1  
September 2010 $97.22 Available Sep 1  
October 2010 $97.22 Available Oct 1  
November 2010 $97.23 Available Nov 1  
December 2010 $97.22 Available Dec 1  
January 2011 $97.22 Available Jan 1  
February 2011 $97.22 Available Feb 1  
March 2011 $97.22 Available Mar 1  
April 2011 $97.23 Available Apr 1  
May 2011 $97.22 Available May 1  
June 2011 $97.22 Available Jun 1