Nyambuu Erdenebayar


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Nyambuu Erdenebayar
Location: Ulaanbaatar, Mongolia
Activity: Electronics Repair

About the Loan

Loan Amount: $700.00
Loan Use: To purchase tools and electronic parts for his repair business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 15, 2009
Date Disbursed: Oct 5, 2009
Date Funded:Oct 15, 2009

About the Country

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



Nyambuu Erdenebayar lives with his wife and 1-year-old son in Ulaanbaatar, the largest city and the capital of Mongolia. He and his family live together in a ger, a traditional Mongolian housing tent. His wife is currently unemployed and stays at home looking after their son.

Erdenebayar operates an electronic appliance and cellphone repair service in the city. He has much skill in his trade and can repair a variety of electronic goods and cellphones. He operates mainly out of his rented office but also makes visits to his customers’ homes to make repairs.

Erdenebayar started his business in 2005 after graduating from an electronics repair course. He has found much success and always looks to expand his business. His earnings have enabled him to hire two assistants and to register his business as a company, "Arshi Tenger" Co. Ltd. For the future, Erdenebayar says, "I hope to one day own my own workspace."

Erdenebayar is requesting a 1,000,000 tugrug loan to purchase tools and electronic parts for his repair business.


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Journal entries for Nyambuu Erdenebayar


Loan has been disbursed
 
Entrepreneur: Nyambuu Erdenebayar
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Nyambuu Erdenebayar 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 Ulaanbaatar, Mongolia
Oct 16, 2009
Comment on this entry

Kiva Help Repayment Schedule for Nyambuu Erdenebayar

  Expected Repayments Actual Repayments Comments
January 2010 $58.33 Available Jan 1  
February 2010 $58.34 Available Feb 1  
March 2010 $58.33 Available Mar 1  
April 2010 $58.33 Available Apr 1  
May 2010 $58.34 Available May 1  
June 2010 $58.33 Available Jun 1  
July 2010 $58.33 Available Jul 1  
August 2010 $58.33 Available Aug 1  
September 2010 $58.34 Available Sep 1  
October 2010 $58.33 Available Oct 1  
November 2010 $58.33 Available Nov 1  
December 2010 $58.34 Available Dec 1