Journals

Altantsetseg Bayanjalbuu thanks Kiva and their lenders for helping to support her business. She received 3,600,000 tugrug (~2500 USD) loan from XacBank, Kiva's Mongolian partner MFI , in July, 2009. She is currently still making payments on her loan. She requested this loan to purchase more inventory for her cellphone trading business. She bought cellphones and cellphone parts from Tedy center, which is the biggest cellphone trading center in Mongolia. She had difficulty to pay back the loan on time because of the economy. However her working capital reached to 2,000,000 tugrugs (~1400 USD) with a monthly net profit of 200,000 tugrugs (~140 USD). Her business improved much by having a wide variety of cellphones with cheap prices. With her business earnings she bought furniture and electronic appliances for her home. Her life has improved much compared with the previous year.

Altantsetseg Damdin wants to thank all her Kiva lenders and the Kiva microfund for her loan. She received a 700,000 tugrug (~500 USD) loan from XacBank, Kiva's MFI partner in Mongolia, in June 2009 and is currently paying off the loan. She requested this loan to purchase more inventory for her dairy product selling business. She sold 85% of all her inventories. Her working capital reached 1,000,000 tugrugs (~700 USD) and she established herself in the local business community. She is happy with her business progress and life improvement.

Altangerel Dagiimaa thanks Kiva and their lenders for helping to support his business. He received 3,500,000 tugrug (~2425 USD) loan from XacBank, Kiva's Mongolian partner MFI , in July, 2009. He is currently still making payments on his loan. He requested this loan to purchase more inventory for his clothing retail business. He bought women's and men's clothes from China and increased his working capital to 6,500,000 tugrugs (~4600 USD) with a monthly net profit of 80,000 tugrugs (~56 USD). His business has stabilized and he is planning to expand his business in the future. With his business earnings he was able to buy coal to use this winter and bought electrical appliances for his home. His life improved much.

Savaandorj Altangerel thanks Kiva and their lenders for helping to support his business. He received 2,500,000 tugrug (~1750 USD) loan from XacBank, Kiva's Mongolian partner MFI , in October, 2009. He is currently still making payments on his loan. He requested this loan to purchase more wood for his furniture making business. He also restored all his tools and equipment which helped him to increase his furniture production. His business is growing and he has established himself in the local business community. He lives with his wife and three children. With his business earnings he paid his children's tuition fees.

Tuyasaihan Algaa thanks Kiva and their lenders for helping to support her business. She received 1,500,000 tugrug (~1075 USD) loan from XacBank, Kiva's Mongolian partner MFI , in September, 2009. She is currently still making payments on her loan. She requested this loan to purchase more food items for her food cafe. She bought meat, flour, rice and vegetables for her business and has used 70% of the food so far. Since receiving the loan her working capital increased and her business is progressing day by day. With her business earnings she bought table covers for her food cafe and enabled herself to purchase education supplies and clothes for her children.

Altangerel Purevsuren wants to thank all her Kiva lenders and the Kiva microfund for her loan. She received a 600,000 tugrug (~425 USD) loan from XacBank, Kiva's MFI partner in Mongolia, in September 2009 and is currently paying off the loan. She requested this loan to purchase more raw materials for her Mongolian traditional shoe making business. She bought sheep and goat skin, yarn and glue for her business. She used 40% of her purchased materials for her shoe making business. Her monthly net profit increased by 40,000 tugrugs (~28 USD) and her working capital increased by 100,000 tugrugs (~70 USD) reaching 400,000 tugrugs (~280 USD). With her business profit she bought carpet for her home and paid for her daughter's wedding.

Lhamsuren Algaa wants to thank all his Kiva lenders and the Kiva microfund for his loan. He received a 500,000 tugrug (~350 USD) loan from XacBank, Kiva's MFI partner in Mongolia, in October 2009 and is currently paying off the loan. He requested this loan to purchase more wood for his furniture making business. He bought wood and glue for his business. He sold 30% of his inventory and his monthly net profit reached to 40,000 tugrugs (~28 USD). His working capital increased by 100,000 tugrugs (~70 USD) and reached 400,000 tugrugs (~280 USD). With his business earnings he was able to afford his children's education and provided all necessary things for his children.

Quirina is thankful for granting her loan request and for the opportunity to improve her general store business. Through the loan she borrowed from the lenders, she was able to purchase different basic commodities that are in demand in their village. She is happy for the support of the lenders and for assisting her in the business financially.

Thank you for lending! Check out the current loans funding on ASKI just cut and paste this link below into your browser (the old fashioned way!) http://www.kiva.org/app.php?page=businesses&partner_id=123&status=fundRaising&sortBy=New+to+Old

Horoldamba Ayush wants to thank all his Kiva lenders and the Kiva microfund for his loan. He received a 3,500,000 tugrug (~2400 USD) loan from XacBank, Kiva's MFI partner in Mongolia, in May 2009 and has since payed off the loan. He requested this loan to purchase more inventory for his grocery store. His business expanded and he managed to increase his working capital to 5,000,000 tugrugs (~3500 USD) with a monthly profit of 200,000 tugrugs (~140 USD). With his business profit he purchased machinery parts and increased his product line. He is planning to continue and maintain his business for the future.

Hello Kiva Lenders,

Earlier this month, Mr. Ngon Leomsrun who is an AMK’s client officer visited Popeal Khaer village in Kandal province to get an update on Mrs. Sros Khun.

Mrs. Sros Khun works very hard in the local market to support the family. She is working in a garment factory and she is also a farmer. With funding your loan, she was able to use 1,500,000 Riel ($400) to purchase a water machine to water her crop to make her crop more productive. The loan is very helpful to her and her crops are very good but she was sold her crops in a bad profit because the price was decreased during her crops were sold. In this case, her family conditions have not improved. Although the living conditions did not change, she still told us that she plans to ask another loan out from AMK to cultivate her crops again.

Mrs. Sros Khun and her family wanted to thank the Kiva Lenders for funding through AMK!