Tsagaan Dashdorj


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Tsagaan Dashdorj
Location: Govi-altai, Mongolia
Activity: Food

About the Loan

Loan Amount: $700.00
Loan Use: To purchase a large amount of flour from Ulaanbaatar
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 21, 2009
Date Disbursed: Oct 16, 2009
Date Funded:Oct 22, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,439.5000 MNT = 1 USD



Dashdorj is 50 years old and lives with his wife and the youngest of three children in the Govi-Altai province of Mongolia. He and his family live together in a ger, a traditional Mongolian nomadic tent. His two oldest children attend university away from home and his 15 year old daughter attends a local high school. Dashdorj and his wife operate a retail flour business in their town. They began the business six months ago and since then have been earning enough money to greatly improve their quality of life. Dashdorj and his wife travel to Ulaanbaatar, the capital city of Mongolia, to purchase flour in bulk, then travel back to their province and sell the flour for a profit. He would eventually like to have his own local flour market in the province so that he and his wife could sell a larger amount of it. Dashdorj is requesting a 1,000,000 tugrug (~700 USD) loan to help him purchase a large amount of flour from Ulaanbaatar.


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Journal entries for Tsagaan Dashdorj


Loan has been disbursed
 
Entrepreneur: Tsagaan Dashdorj
Location: Govi-altai, Mongolia

Thank you for your loan. It has been disbursed to Tsagaan Dashdorj 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-altai, Mongolia
Oct 23, 2009
Comment on this entry

Kiva Help Repayment Schedule for Tsagaan Dashdorj

  Expected Repayments Actual Repayments Comments
January 2010 $0.70 Available Jan 1  
February 2010 $0.70 Available Feb 1  
March 2010 $70.00 Available Mar 1  
April 2010 $70.00 Available Apr 1  
May 2010 $70.00 Available May 1  
June 2010 $70.00 Available Jun 1  
July 2010 $70.00 Available Jul 1  
August 2010 $70.00 Available Aug 1  
September 2010 $70.00 Available Sep 1  
October 2010 $70.00 Available Oct 1  
November 2010 $70.00 Available Nov 1  
December 2010 $68.60 Available Dec 1