Lhagviilha Ganbaatar
Status: Paying Back
| $225.00 | Loan Amount |
|---|
About the Entrepreneur
| Name: | Lhagviilha Ganbaatar |
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| Location: | Tsetserleg, Arhangai, Mongolia |
| Activity: | Beauty Salon |
About the Loan
| Loan Amount: | $225.00 |
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| Loan Use: | To purchase more tools and hair products for his salon |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 21, 2009 |
| Date Disbursed: | Oct 13, 2009 |
| Date Funded: | Oct 21, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | XacBank |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 10 months |
| Kiva Entrepreneurs: | 819 |
| Total Loans: | $894,225 |
| Delinquency Rate: | 0.38% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Mongolia |
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| Avg Annual Income: | $2,175.00 |
| Currency: | Mongolia Tugriks (MNT) |
| Exchange Rate: | 1,439.5000 MNT = 1 USD |
Ganbaatar operates a hair salon out of a rented apartment in his town. He started his salon in 2008 with capital of 80,000 tugrugs (~56 USD) and has progressed his business in a short time. Today, he is well established in the local business community and his working capital exceeds 200,000 tugrugs (~140 USD).
For the future, Ganbaatar hopes to have his own building for his salon and dreams of becoming the best hairdresser in town. Ganbaatar works very hard and uses his earnings to support his family and improve their quality of life. He is requesting a 300,000 tugrug loan to purchase more tools and hair products for his salon.
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Journal entries for Lhagviilha Ganbaatar
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Loan has been disbursed
Location: Tsetserleg, Arhangai, Mongolia
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Posted by
from Tsetserleg, Arhangai, Mongolia
Oct 22, 2009 |
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Comment on this entry
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Repayment Schedule for Lhagviilha Ganbaatar
Repayment Schedule for Lhagviilha Ganbaatar
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $18.75 | Available Jan 1 | |||
| February 2010 | $18.75 | Available Feb 1 | |||
| March 2010 | $18.92 | Available Mar 1 | |||
| April 2010 | $18.75 | Available Apr 1 | |||
| May 2010 | $18.75 | Available May 1 | |||
| June 2010 | $18.75 | Available Jun 1 | |||
| July 2010 | $18.65 | Available Jul 1 | |||
| August 2010 | $18.75 | Available Aug 1 | |||
| September 2010 | $18.75 | Available Sep 1 | |||
| October 2010 | $18.75 | Available Oct 1 | |||
| November 2010 | $18.75 | Available Nov 1 | |||
| December 2010 | $18.68 | Available Dec 1 | |||
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