Togoohuu Turmunkh


Status: Paying Back

$1,050.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Togoohuu Turmunkh
Location: Arvaiheer, Uvurhangai, Mongolia
Activity: Transportation

About the Loan

Loan Amount: $1,050.00
Loan Use: To purchase repair parts for his delivery truck
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 14, 2009
Date Disbursed: Oct 8, 2009
Date Funded:Oct 20, 2009

About the Country

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



Turmunkh is 38 years old and lives with his wife and two children in the Uvurkhangai province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. Both his children, ages 15 and 13, attend a local secondary school. Turmunkh operates a taxi service and a coal transportation service in his town. After operating a consumer goods business for five years, he began his delivery service in 2008. Turmunkh says “All I want is to be able to educate my children and make them better people who can contribute to society.” He is requesting a 1,500,000 tugrug (~1050 USD) loan in order to purchase repair parts for his delivery truck.

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Journal entries for Togoohuu Turmunkh


Loan has been disbursed
 
Entrepreneur: Togoohuu Turmunkh
Location: Arvaiheer, Uvurhangai, Mongolia

Thank you for your loan. It has been disbursed to Togoohuu Turmunkh 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 Arvaiheer, Uvurhangai, Mongolia
Oct 21, 2009
Comment on this entry

Kiva Help Repayment Schedule for Togoohuu Turmunkh

  Expected Repayments Actual Repayments Comments
January 2010 $86.70 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 $86.96 Available May 1  
June 2010 $87.50 Available Jun 1  
July 2010 $86.69 Available Jul 1  
August 2010 $87.50 Available Aug 1  
September 2010 $87.50 Available Sep 1  
October 2010 $87.30 Available Oct 1  
November 2010 $87.50 Available Nov 1  
December 2010 $89.85 Available Dec 1