Radnaa Oyunchimeg
Status: Paying Back
| $2,450.00 | Loan Amount |
|---|
0% repaid
About the Entrepreneur
| Name: | Radnaa Oyunchimeg |
|---|---|
| Location: | Zamiin-uud, Mongolia |
| Activity: | Fuel/Firewood |
About the Loan
| Loan Amount: | $2,450.00 |
|---|---|
| Loan Use: | To purchase more coal to sell during the upcoming winter season |
| 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 25, 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: | 1,434.5000 MNT = 1 USD |
Oyunchimeg is 45 years old and lives with her husband and four children in a house in the Zamiin-Uud province of Mongolia. All four of her children attend the university while she operates her building block and coal businesses.
Oyunchimeg began her business in 2004 after moving from the Dornogobi province to the Zamiin-Uud province. She used her military retirement pension to begin her business, and since then, her business has been so successful that the earnings have allowed her family to build a house of their own. She is planning to expand her business in the future by producing more environmentally friendly fuel made from wood chips that do not have to be imported.
She is requesting a 3,500,000 tugrug loan to purchase more coal to sell during the upcoming winter season.
Oyunchimeg began her business in 2004 after moving from the Dornogobi province to the Zamiin-Uud province. She used her military retirement pension to begin her business, and since then, her business has been so successful that the earnings have allowed her family to build a house of their own. She is planning to expand her business in the future by producing more environmentally friendly fuel made from wood chips that do not have to be imported.
She is requesting a 3,500,000 tugrug loan to purchase more coal to sell during the upcoming winter season.
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Journal entries for Radnaa Oyunchimeg
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Loan has been disbursed
Location: Zamiin-uud, Mongolia
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Posted by
from Zamiin-uud, Mongolia
Oct 26, 2009 |
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Comment on this entry
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Repayment Schedule for Radnaa Oyunchimeg
Repayment Schedule for Radnaa Oyunchimeg
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $204.17 | Available Jan 1 | |||
| February 2010 | $204.16 | Available Feb 1 | |||
| March 2010 | $204.17 | Available Mar 1 | |||
| April 2010 | $204.17 | Available Apr 1 | |||
| May 2010 | $204.16 | Available May 1 | |||
| June 2010 | $204.17 | Available Jun 1 | |||
| July 2010 | $204.17 | Available Jul 1 | |||
| August 2010 | $204.17 | Available Aug 1 | |||
| September 2010 | $204.16 | Available Sep 1 | |||
| October 2010 | $204.17 | Available Oct 1 | |||
| November 2010 | $204.17 | Available Nov 1 | |||
| December 2010 | $204.16 | Available Dec 1 | |||
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