Chuluundorj Batbaatar


Status: Paying Back

$1,050.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Chuluundorj Batbaatar
Location: Harhorin, Uvurhangai, Mongolia
Activity: Manufacturing

About the Loan

Loan Amount: $1,050.00
Loan Use: To buy more wood for his business
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 12, 2009
Date Disbursed: Oct 6, 2009
Date Funded:Oct 15, 2009

About the Country

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



Chuluundorj Batbaatar is 41 years old and lives with his wife and two children in Harhorin, the capital city of the ancient Mongolian empire. Both of his children, a son and daughter, attend a local secondary school. His wife works as a janitor at her children's school.

Chuluundorj manages a business in his town making wooden products. He is a very busy man, as he operates his wood business during the day and supplements his income by driving a taxi at night. Batbaatar started his wood-products business in 2000 and has since found much success in his trade. With his savings, he was able to purchase his car and start the taxi service in 2005.

Batbaatar has worked very hard at growing his business, but was forced to halt operations for three years to take care of his ailing father. However, today, he is working again and says, "My only wish now is to finish building my house, which will greatly improve my family's quality of life." He is requesting a 1,500,000 tugrug loan to purchase more wood for his wood-products business.


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Journal entries for Chuluundorj Batbaatar


Loan has been disbursed
 
Entrepreneur: Chuluundorj Batbaatar
Location: Harhorin, Uvurhangai, Mongolia

Thank you for your loan. It has been disbursed to Chuluundorj Batbaatar 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 Harhorin, Uvurhangai, Mongolia
Oct 16, 2009
Comment on this entry

Kiva Help Repayment Schedule for Chuluundorj Batbaatar

  Expected Repayments Actual Repayments Comments
January 2010 $3.50 Available Jan 1  
February 2010 $3.50 Available Feb 1  
March 2010 $3.50 Available Mar 1  
April 2010 $70.00 Available Apr 1  
May 2010 $70.00 Available May 1  
June 2010 $70.00 Available Jun 1  
July 2010 $70.00 Available Jul 1  
August 2010 $70.00 Available Aug 1  
September 2010 $70.00 Available Sep 1  
October 2010 $70.00 Available Oct 1  
November 2010 $70.00 Available Nov 1  
December 2010 $70.00 Available Dec 1  
January 2011 $70.00 Available Jan 1  
February 2011 $70.00 Available Feb 1  
March 2011 $70.00 Available Mar 1  
April 2011 $70.00 Available Apr 1  
May 2011 $70.00 Available May 1  
June 2011 $59.50 Available Jun 1