Genden Enhbold


Status: Paying Back

$1,075.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Genden Enhbold
Location: Ulaanbaatar, Mongolia
Activity: Spare Parts

About the Loan

Loan Amount: $1,075.00
Loan Use: To purchase more motorcycle accessories and spare parts for his business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 16, 2009
Date Disbursed: Oct 5, 2009
Date Funded:Oct 16, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,425.0000 MNT = 1 USD



Genden Enhbold is a 40-year-old who lives with his wife and two teenage children in Ulaanbaatar, the capital city of Mongolia. His eldest daughter goes to a university in Hoh Hot, China. She is a second-year student in the local Chinese university. His youngest son is a student in a local secondary school in Ulaanbaatar. Enhbold sells motorcycles as well as their accessories and spare parts in the auto-market in Ulaanbaatar. He imports various motorcycles from China and retails them at a profit in Ulaanbaatar. He says that his business has been good since its start and is the main source of his family income. He further says that he would like to expand his motorcycle business and continue paying his daughter's school tuition in China. He requests a loan to purchase more motorcycle accessories and spare parts for his business.


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Journal entries for Genden Enhbold


Loan has been disbursed
 
Entrepreneur: Genden Enhbold
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Genden Enhbold 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 17, 2009
Comment on this entry

Kiva Help Repayment Schedule for Genden Enhbold

  Expected Repayments Actual Repayments Comments
January 2010 $89.58 Available Jan 1  
February 2010 $89.59 Available Feb 1  
March 2010 $89.58 Available Mar 1  
April 2010 $89.58 Available Apr 1  
May 2010 $89.59 Available May 1  
June 2010 $89.58 Available Jun 1  
July 2010 $89.58 Available Jul 1  
August 2010 $89.59 Available Aug 1  
September 2010 $89.58 Available Sep 1  
October 2010 $89.58 Available Oct 1  
November 2010 $89.59 Available Nov 1  
December 2010 $89.58 Available Dec 1