Durzee Batsuuri


Status: Paying Back

$2,475.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Durzee Batsuuri
Location: Ulaangom, Uvs, Mongolia
Activity: Clothing Sales

About the Loan

Loan Amount: $2,475.00
Loan Use: To import products from China to sell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 30, 2009
Date Disbursed: Oct 23, 2009
Date Funded:Nov 6, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,427.0000 MNT = 1 USD



Durzee Batsuuri is 43 years old and lives with his wife and four children in Uvs province in western Mongolia. He and his family live in a ger, a traditional Mongolian housing tent. His four children, three daughters and one son, range in ages from 12 to 20 years old.

Batsuuri and his wife operate a clothing-trade business and transportation service in their town. They provide a variety of clothing items to satisfy their customers' needs and transport and sell coal during the wintertime. Coal is widely used by Mongolians in the winter to heat their homes, and local customers are very much appreciative of Batsuuri's and his wife's service.

The couple started their transportation service in 1987 with a truck that they own. After several years of positive growth with their business, they used their earnings to start their clothing-trade business in 2002. Today they enjoy a stable operation with both businesses and are focused on expanding their clothing business in the near future. Batsuuri is requesting a 3,500,000 tugrug loan to import products from China to sell.


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Journal entries for Durzee Batsuuri


Loan has been disbursed
 
Entrepreneur: Durzee Batsuuri
Location: Ulaangom, Uvs, Mongolia

Thank you for your loan. It has been disbursed to Durzee Batsuuri by XacBank in Mongolia. We are excited to watch this business grow. Over the 11 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ulaangom, Uvs, Mongolia
Nov 7, 2009
Comment on this entry

Kiva Help Repayment Schedule for Durzee Batsuuri

  Expected Repayments Actual Repayments Comments
January 2010 $0.71 Available Jan 1  
February 2010 $0.70 Available Feb 1  
March 2010 $247.50 Available Mar 1  
April 2010 $247.50 Available Apr 1  
May 2010 $247.50 Available May 1  
June 2010 $247.50 Available Jun 1  
July 2010 $247.50 Available Jul 1  
August 2010 $247.50 Available Aug 1  
September 2010 $247.50 Available Sep 1  
October 2010 $247.50 Available Oct 1  
November 2010 $247.50 Available Nov 1  
December 2010 $246.09 Available Dec 1