Enh-amgalan Galya


Status: Paying Back

$525.00   Loan Amount
58% repaid

About the Entrepreneur

Name: Enh-amgalan Galya
Location: Undurhaan, Hentiy, Mongolia
Activity: Furniture Making

About the Loan

Loan Amount: $525.00
Loan Use: To buy wood
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 18, 2009
Date Disbursed: Mar 3, 2009
Date Funded:Mar 18, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,581.4000 MNT = 1 USD



Enh-Amgalan Galya is a married man who lives with his family in Hentiy, one of Mongolia's southern provinces. During the last 10 years, he has been running a furniture business. He makes doors for "gers" (Mongolian traditional nomadic housing), tables, beds, iron stoves and stove chimneys. There is high demand for these products as many Mongolians continue to live in traditional gers, heating them with small coal stoves against the frigid winter nights. He has many repeat customers as his furniture is well built. With his profits from the last 10 years, he has purchased his own plot of land, bought new furniture for his home and purchased a motorcycle. Since he needs more room for his business, he is planning to build a store this year on the land he owns. "My life condition is well improved because of my business success. My wife and I are planning to have our own big house in the future," Enh-Amgalan said in Mongolian.

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Lenders to this entrepreneur

Senwung
Toronto, Ontario
Canada

Buck
San Francisco, CA
United States

Lisa and Tony
Minneapolis, MN
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Steve
Strathcarron, Highland

Anonymous
Maple City, MI
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Rayburn
Fabius, NY
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mole333
Brooklyn, NY
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Dan
Hanoi,
Viet Nam

Nicolien
Beirut,
Lebanon

Karen
Austin, TX
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Kathinka
Oslo,
Norway

Reed
Sea Bright, NJ
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Al
Candia, NH
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David
Lawrence, KS
United States

FABIENNE
MALAKOFF,

Jack
Austin, TX
United States



Top Lending Teams for this entrepreneur

Journal entries for Enh-amgalan Galya


Loan has been disbursed
 
Entrepreneur: Enh-amgalan Galya
Location: Undurhaan, Hentiy, Mongolia

Thank you for your loan. It has been disbursed to Enh-Amgalan Galya 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 Undurhaan, Hentiy, Mongolia
Mar 19, 2009
Comment on this entry

Dear Lenders,
 
Entrepreneur: Enh-amgalan Galya
Location: Undurhaan, Hentiy, Mongolia

Enhamgalan Galya has paid off his Kiva loan recently. Since borrowing of the loan, he bas been very busy with his business. The Kiva loan enabled him to purchase raw materials including cut wood and wall paper to build a small workplace for his carpentry business on the plot of land that he currently owns. After building the workplace, he has been able make various furniture very fast at his workplace. He can now work hard regardless of weather condition since he has a complete workplace. With the business profit, he was able to spin off his wife's new business- to sell ice-cream for local children. He was able to purchase a small fridge where she stores vairous ice-cream and sells for local children. Enhamgalan says that the loan was a fundemental tool for making my aimed projects happen in reality. Thanks to Kiva loan and now Enhamgalan can aim even higher with more ambition.


Posted by Munhmandah Ochirsharav from Undurhaan, Hentiy, Mongolia
Aug 24, 2009
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Kiva Help Repayment Schedule for Enh-amgalan Galya

  Expected Repayments Actual Repayments Comments
June 2009 $43.75 $43.75 Repayment Received
July 2009 $43.75 $43.75 Repayment Received
August 2009 $43.75 $43.77 Repayment Received
September 2009 $43.75 $43.73 Repayment Received
October 2009 $43.75 $43.75 Repayment Received
November 2009 $43.75 $43.75 Repayment Received
December 2009 $43.75 $43.75 Repayment Received
January 2010 $43.75 Available Jan 1  
February 2010 $43.75 Available Feb 1  
March 2010 $43.75 Available Mar 1  
April 2010 $43.75 Available Apr 1  
May 2010 $43.75 Available May 1