Munh-orgil Oyunchimeg


Status: Paying Back

$1,000.00   Loan Amount
38% repaid

About the Entrepreneur

Name: Munh-orgil Oyunchimeg
Location: Ulaanbaatar, Mongolia
Activity: Phone Accessories

About the Loan

Loan Amount: $1,000.00
Loan Use: Buy mobile phone accessories and pay rent for a retail stall.
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 30, 2009
Date Disbursed: Mar 16, 2009
Date Funded:Mar 30, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,525.5000 MNT = 1 USD



Munh-Orgil Oyunchimeg lives with her husband in the Bayanzurh district of Ulaanbaatar, the capital city of Mongolia.


In 2004, she started running a small stall for cell phone accessories in the Bayanzurh market, one of the largest markets in Ulaanbaatar. As of today, she runs two stalls for cell phone accessories and her husband is mostly in charge of running these two stalls. Besides the cell phone accessories business, Munh-Orgil's husband also uses his car as a taxi, to boost his family income.


She frequently travels to Ereen, China, (a major trade city where many Mongolian small business owners import cheap products) to bring in products for her retail business. Since its inception, Munh-Orgil has gained significant experience in this type of business. As her profits allow, she hopes to build a small house on the land where they now lives in a "ger" (traditional nomadic tent). She requests a loan to imports more products and pay rent on the additional stall.


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Journal entries for Munh-orgil Oyunchimeg


Loan has been disbursed
 
Entrepreneur: Munh-orgil Oyunchimeg
Location: Ulaanbaatar, Mongolia

Thank you for your loan. It has been disbursed to Munh-Orgil Oyunchimeg by XacBank in Mongolia. We are excited to watch this business grow. Over the 17 months of this loan, XacBank will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ulaanbaatar, Mongolia
Mar 31, 2009
Comment on this entry

Kiva Help Repayment Schedule for Munh-orgil Oyunchimeg

  Expected Repayments Actual Repayments Comments
June 2009 $55.56 $55.55 Repayment Received
July 2009 $55.56 $55.87 Repayment Received
August 2009 $55.56 $55.28 Repayment Received
September 2009 $55.56 $55.54 Repayment Received
October 2009 $55.56 $55.72 Repayment Received
November 2009 $55.56 $55.85 Repayment Received
December 2009 $55.56 $55.61 Repayment Received
January 2010 $55.56 Available Jan 1  
February 2010 $55.56 Available Feb 1  
March 2010 $55.56 Available Mar 1  
April 2010 $55.56 Available Apr 1  
May 2010 $55.56 Available May 1  
June 2010 $55.56 Available Jun 1  
July 2010 $55.56 Available Jul 1  
August 2010 $55.56 Available Aug 1  
September 2010 $55.56 Available Sep 1  
October 2010 $55.56 Available Oct 1  
November 2010 $55.48 Available Nov 1