Handsuren Naranchimeg
Status: Paying Back
| $1,200.00 | Loan Amount |
|---|
About the Entrepreneur
| Name: | Handsuren Naranchimeg |
|---|---|
| Location: | Tsetserleg, Arhangai, Mongolia |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,200.00 |
|---|---|
| Loan Use: | To purchase more clothes in order to expand her business |
| Repayment Term: | 19 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 16, 2009 |
| Date Disbursed: | Oct 2, 2009 |
| Date Funded: | Oct 17, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | XacBank |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 10 months |
| Kiva Entrepreneurs: | 814 |
| Total Loans: | $888,750 |
| Delinquency Rate: | 0.38% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Mongolia |
|---|---|
| Avg Annual Income: | $2,175.00 |
| Currency: | Mongolia Tugriks (MNT) |
| Exchange Rate: | 1,425.0000 MNT = 1 USD |
Naranchimeg manages a clothing business in her town. She sells a variety of clothing items that are imported from China. Naranchimeg started her clothing business in 1999 with capital of 20,000 tugrugs (~14 USD). At first she only sold second-hand clothes, but after growing her business over the years, her success has enabled her to purchase and sell new clothes.
Today, her working capital exceeds 2,000,000 tugrugs (~1400 USD) For the future, Naranchimeg hopes to continue to grow her business and says, "I hope to one day own my own workplace." She is requesting a 1,700,000 tugrug (~1200 USD) loan to purchase more clothes in order to expand her business.
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Journal entries for Handsuren Naranchimeg
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Loan has been disbursed
Location: Tsetserleg, Arhangai, Mongolia
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Posted by
from Tsetserleg, Arhangai, Mongolia
Oct 18, 2009 |
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Comment on this entry
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Repayment Schedule for Handsuren Naranchimeg
Repayment Schedule for Handsuren Naranchimeg
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $0.00 | $3.70 | |||
| January 2010 | $66.67 | Available Jan 1 | |||
| February 2010 | $66.66 | Available Feb 1 | |||
| March 2010 | $66.67 | Available Mar 1 | |||
| April 2010 | $66.67 | Available Apr 1 | |||
| May 2010 | $66.66 | Available May 1 | |||
| June 2010 | $66.00 | Available Jun 1 | |||
| July 2010 | $66.67 | Available Jul 1 | |||
| August 2010 | $66.67 | Available Aug 1 | |||
| September 2010 | $66.15 | Available Sep 1 | |||
| October 2010 | $66.67 | Available Oct 1 | |||
| November 2010 | $67.07 | Available Nov 1 | |||
| December 2010 | $66.67 | Available Dec 1 | |||
| January 2011 | $66.67 | Available Jan 1 | |||
| February 2011 | $66.92 | Available Feb 1 | |||
| March 2011 | $66.66 | Available Mar 1 | |||
| April 2011 | $66.67 | Available Apr 1 | |||
| May 2011 | $133.85 | Available May 1 | |||
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