Bolormaa Gombo


Status: Paying Back

$1,050.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Bolormaa Gombo
Location: Govi-altay, Mongolia
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,050.00
Loan Use: To purchase more vegetables for her business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 14, 2009
Date Disbursed: Oct 5, 2009
Date Funded:Oct 17, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,443.0000 MNT = 1 USD



Bolormaa Gombo is a 42-year-old and lives with her husband and children in Gobi-Altai province of Mongolia. Her husband is a carpenter and her eldest son is a university student in the State University of Mongolia in Ulaanbaatar, the capital city of Mongolia. Bolormaa has a small retail business selling vegetables. She mostly sells locally-grown vegetables in the local food market, where she rents a small stall and sells produce that she purchases from local gardeners. She mostly purchases potatoes from Khovd, a neighbor province where many people grow vegetables. She started her vegetable retailing business in 1999 and since then, her business has expanded: her business capital has increased from 200,000 MNT to 2,000,000 MNT ($1 USD=1,450 MNT). She says that her business is the main source of income to pay her son's university tuition. She hopes to expand her business and secure tuition money for her son from business profits. She requests a loan to purchase more vegetables for her business.


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Journal entries for Bolormaa Gombo


Loan has been disbursed
 
Entrepreneur: Bolormaa Gombo
Location: Govi-altay, Mongolia

Thank you for your loan. It has been disbursed to Bolormaa Gombo by XacBank in Mongolia. We are excited to watch this business grow. Over the 12 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Govi-altay, Mongolia
Oct 18, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bolormaa Gombo

  Expected Repayments Actual Repayments Comments
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  
December 2010 $87.50 Available Dec 1