Ulziyjargal Purev


Status: Paying Back

$300.00   Loan Amount
66% repaid

About the Entrepreneur

Name: Ulziyjargal Purev
Location: Arvayheer, Uvurhangay, Mongolia
Activity: Furniture Making

About the Loan

Loan Amount: $300.00
Loan Use: To buy wood and paint
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 12, 2009
Date Disbursed: Feb 13, 2009
Date Funded:Mar 13, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,581.0000 MNT = 1 USD



Ulziyjargal Purev is a married mother of three. For the last three years, together with her husband, she has run a family-owned carpentry business. In 2006, the couple bought woodworking tools and began to make furniture to sell. Both husband and wife are professional carpenters. Ulziyjargal's eldest daughter stays at home to take care of her youngest sister and their one son is a Buddhist monk at a local temple. Ulziyjargal's family lives in Uvurhangay province, which is located 400km southwest of Ulaanbaatar, the capital city of Mongolia.


Ulziyjargal usually makes the deals for raw materials while her husband builds tables and other furniture. With this loan, Ulziyjargal will buy more wood and paint. The couple dreams of expanding into a furniture factory. Ulziyjargal says in Mongolian, "I want my children to keep our family business and continue expanding it as big as a furniture factory."


(In the picture: Ulziyjargal's husband making a table)


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Journal entries for Ulziyjargal Purev


Loan has been disbursed
 
Entrepreneur: Ulziyjargal Purev
Location: Arvayheer, Uvurhangay, Mongolia

Thank you for your loan. It has been disbursed to Ulziyjargal Purev 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 Arvayheer, Uvurhangay, Mongolia
Mar 14, 2009
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Kiva Help Repayment Schedule for Ulziyjargal Purev

  Expected Repayments Actual Repayments Comments
May 2009 $25.00 $25.00 Repayment Received
June 2009 $25.00 $24.99 Repayment Received
July 2009 $25.00 $25.10 Repayment Received
August 2009 $25.00 $27.57 Repayment Received
September 2009 $25.00 $22.34 Repayment Received
October 2009 $25.00 $25.10 Repayment Received
November 2009 $25.00 $26.36 Repayment Received
December 2009 $25.00 $23.67 Repayment Received
January 2010 $25.00 Available Jan 1  
February 2010 $25.00 Available Feb 1  
March 2010 $24.91 Available Mar 1  
April 2010 $25.09 Available Apr 1