Habi Murat


Status: Paying Back

$700.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Habi Murat
Location: Ulgii, Bayan-ulgiy, Mongolia
Activity: Retail

About the Loan

Loan Amount: $700.00
Loan Use: To purchase sheep and goat skins for resale
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 24, 2009
Date Disbursed: Oct 14, 2009
Date Funded:Oct 24, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,434.5000 MNT = 1 USD



Murat is a 47 year old widower who lives with his three children, aged 19, 17, and 11, in the Bayan-Ulgii province of western Mongolia. He and his three children live together in a ger, a traditional Mongolian nomadic tent. His oldest son attends university, and the younger two children attend a local secondary school.

Murat operates a raw materials business in his town where he sells iron, copper, aluminum and sheep and goat skins. He and his late wife started the business in 1995, but since his wife’s death last year, he has been working alone. Murat works very hard to be able to provide his children with food and clothing, but he also wants to save enough money for his children’s tuition fees. He is requesting a 1,000,000 tugrug (~700 USD) loan so that he can purchase not only sheep and goat skins for resale, but also coal for the winter in order to heat his family’s ger.


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Journal entries for Habi Murat


Loan has been disbursed
 
Entrepreneur: Habi Murat
Location: Ulgii, Bayan-ulgiy, Mongolia

Thank you for your loan. It has been disbursed to Habi Murat 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 Ulgii, Bayan-ulgiy, Mongolia
Oct 25, 2009
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Kiva Help Repayment Schedule for Habi Murat

  Expected Repayments Actual Repayments Comments
January 2010 $58.59 Available Jan 1  
February 2010 $59.24 Available Feb 1  
March 2010 $58.96 Available Mar 1  
April 2010 $58.97 Available Apr 1  
May 2010 $58.63 Available May 1  
June 2010 $58.26 Available Jun 1  
July 2010 $58.68 Available Jul 1  
August 2010 $58.68 Available Aug 1  
September 2010 $59.11 Available Sep 1  
October 2010 $58.81 Available Oct 1  
November 2010 $59.02 Available Nov 1  
December 2010 $53.05 Available Dec 1