Erhembaatar Tseden-ish
Status: Paying Back
| $1,150.00 | Loan Amount |
|---|
29% repaid
About the Entrepreneur
| Name: | Erhembaatar Tseden-ish |
|---|---|
| Location: | Tsetserleg, Arhangay, Mongolia |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $1,150.00 |
|---|---|
| Loan Use: | to buy more products to sell to his customers |
| Repayment Term: | 26 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 3, 2009 |
| Date Disbursed: | Mar 30, 2009 |
| Date Funded: | Apr 7, 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: | 811 |
| Total Loans: | $887,300 |
| 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: | 1,480.0000 MNT = 1 USD |
Erhembaatar Tseden-Ish lives with his wife and a daughter in Arhanghay, one of Mongolia's central provinces. His daughter is a student at a local secondary school. Erhembaatar runs a small retail stall in the local market where he sells toys and children's clothes. His wife works with him as a saleswoman. He launched this business in 2001 by selling toys and clothes he imported from Ereen, China, a border town where many Chinese goods enter Mongolia.
Whenever he goes to Ereen and brings cheap products for resale, his wife works alone a saleswoman. Since its inception, the business has done well. His capital has doubled, and he is applying for a loan to buy more children's products to sell. Erhembaatar hopes to be able to buy a car with his new profits because a car would help him run the business much more efficiently.
Whenever he goes to Ereen and brings cheap products for resale, his wife works alone a saleswoman. Since its inception, the business has done well. His capital has doubled, and he is applying for a loan to buy more children's products to sell. Erhembaatar hopes to be able to buy a car with his new profits because a car would help him run the business much more efficiently.
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Journal entries for Erhembaatar Tseden-ish
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Loan has been disbursed
Location: Tsetserleg, Arhangay, Mongolia
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Posted by
from Tsetserleg, Arhangay, Mongolia
Apr 8, 2009 |
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Comments (7)
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Repayment Schedule for Erhembaatar Tseden-ish
Repayment Schedule for Erhembaatar Tseden-ish
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2009 | $47.92 | $47.91 |  Repayment Received
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| July 2009 | $47.92 | $48.07 | Repayment Received
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| August 2009 | $47.92 | $47.78 | Repayment Received
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| September 2009 | $47.92 | $47.92 | Repayment Received
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| October 2009 | $47.92 | $47.92 | Repayment Received
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| November 2009 | $47.92 | $47.92 | Repayment Received
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| December 2009 | $47.92 | $48.52 | Repayment Received
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| January 2010 | $47.92 | Available Jan 1 | |||
| February 2010 | $47.92 | Available Feb 1 | |||
| March 2010 | $47.92 | Available Mar 1 | |||
| April 2010 | $47.92 | Available Apr 1 | |||
| May 2010 | $47.92 | Available May 1 | |||
| June 2010 | $47.92 | Available Jun 1 | |||
| July 2010 | $47.92 | Available Jul 1 | |||
| August 2010 | $47.92 | Available Aug 1 | |||
| September 2010 | $47.92 | Available Sep 1 | |||
| October 2010 | $47.92 | Available Oct 1 | |||
| November 2010 | $47.92 | Available Nov 1 | |||
| December 2010 | $47.92 | Available Dec 1 | |||
| January 2011 | $47.92 | Available Jan 1 | |||
| February 2011 | $47.92 | Available Feb 1 | |||
| March 2011 | $47.92 | Available Mar 1 | |||
| April 2011 | $47.92 | Available Apr 1 | |||
| May 2011 | $47.84 | Available May 1 | |||
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