Battsagaan Garid


Status: Paying Back

$1,025.00   Loan Amount
39% repaid

About the Entrepreneur

Name: Battsagaan Garid
Location: Tsetserleg, Arhangay, Mongolia
Activity: Butcher Shop

About the Loan

Loan Amount: $1,025.00
Loan Use: To purchase livestock from herders
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 6, 2009
Date Disbursed: Mar 25, 2009
Date Funded:Apr 6, 2009

About the Country

Country:Mongolia
Avg Annual Income:$2,175.00
Currency:Mongolia Tugriks (MNT)
Exchange Rate:1,480.0000 MNT = 1 USD



Battsagaan Garid lives with his family in Arhangay province, one of Mongolia's central provinces. Battsagaan has three teenage children who go to the local high school. In 2003, Battsagaan and his wife started their own business as wholesale meat vendors. They visit herders in the countryside with their truck and purchase livestock at a discount when they can. Once they bring the livestock home, they slaughter them and prepare them for sale. Once the meat is ready for the market, they sell it to wholesale middlemen from their town and Ulaanbaatar, the capital city of Mongolia. In the future, they would like to create their own channel to bring livestock to the town without visiting each herder in the countryside. They request a loan to purchase livestock from herders.



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Journal entries for Battsagaan Garid


Loan has been disbursed
 
Entrepreneur: Battsagaan Garid
Location: Tsetserleg, Arhangay, Mongolia

Thank you for your loan. It has been disbursed to Battsagaan Garid 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 Tsetserleg, Arhangay, Mongolia
Apr 7, 2009
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Kiva Help Repayment Schedule for Battsagaan Garid

  Expected Repayments Actual Repayments Comments
June 2009 $56.94 $56.94 Repayment Received
July 2009 $56.94 $59.58 Repayment Received
August 2009 $56.94 $54.34 Repayment Received
September 2009 $56.94 $56.90 Repayment Received
October 2009 $56.94 $57.14 Repayment Received
November 2009 $56.94 $56.74 Repayment Received
December 2009 $56.94 $58.29 Repayment Received
January 2010 $56.94 Available Jan 1  
February 2010 $56.94 Available Feb 1  
March 2010 $56.94 Available Mar 1  
April 2010 $56.94 Available Apr 1  
May 2010 $56.94 Available May 1  
June 2010 $56.94 Available Jun 1  
July 2010 $56.94 Available Jul 1  
August 2010 $56.94 Available Aug 1  
September 2010 $56.94 Available Sep 1  
October 2010 $56.94 Available Oct 1  
November 2010 $57.02 Available Nov 1