Sergiu Spataru
Status: Paying Back
| $2,675.00 | Loan Amount |
|---|
30% repaid
About the Entrepreneur
| Name: | Sergiu Spataru |
|---|---|
| Location: | Chisinau, Moldova |
| Activity: | Furniture Making |
About the Loan
| Loan Amount: | $2,675.00 |
|---|---|
| Loan Use: | to purchase a lathe. |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 6, 2009 |
| Date Disbursed: | Apr 28, 2009 |
| Date Funded: | May 10, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Microinvest |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 36 months |
| Kiva Entrepreneurs: | 323 |
| Total Loans: | $370,300 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Moldova |
|---|---|
| Avg Annual Income: | $2,374.00 |
| Currency: | Moldova Lei (MDL) |
| Exchange Rate: | 11.2550 MDL = 1 USD |
Sergiu Spataru runs a business in furniture making. The business has been launched by his wife. Sergiu mostly works growing grain. In 2005, Sergiu took a loan in the amount of 50 000 lei for a term of 2 years from Microinvest. That loan was used towards the purchase of additional agricultural machinery, three tractors and arable land to grow cereals grains. He reimbursed all debt without any delay. Now, Sergiu and his wife, have two furniture stores. In May, they opened an office where the production of furniture is made under individually requests from their customers. At the moment he buys furniture accessories like glass, handle, laminated parquet from Mobvaro SRL, with which has an agreement. Monthly, customers order 30-40 units of furniture sets. The purpose of this is to purchase a lathe.
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Journal entries for Sergiu Spataru
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Loan has been disbursed
Location: Chisinau, Moldova
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Posted by
from Chisinau, Moldova
May 11, 2009 |
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Comments (1)
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Repayment Schedule for Sergiu Spataru
Repayment Schedule for Sergiu Spataru
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $267.50 | $267.50 |  Repayment Received
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| October 2009 | $267.50 | $267.50 | Repayment Received
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| November 2009 | $267.50 | $267.50 | Repayment Received
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| December 2009 | $267.50 | Available Dec 1 | |||
| January 2010 | $267.50 | Available Jan 1 | |||
| February 2010 | $267.50 | Available Feb 1 | |||
| March 2010 | $267.50 | Available Mar 1 | |||
| April 2010 | $267.50 | Available Apr 1 | |||
| May 2010 | $267.50 | Available May 1 | |||
| June 2010 | $267.50 | Available Jun 1 | |||
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