Hafiz Mammadov


Status: Paying Back

$1,975.00   Loan Amount
10% repaid

About the Entrepreneur

Name: Hafiz Mammadov
Location: Agsu, Azerbaijan
Activity: Food Market

About the Loan

Loan Amount: $1,975.00
Loan Use: expand the range of goods for sale
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 9, 2009
Date Disbursed: Aug 25, 2009
Date Funded:Aug 4, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8194 AZN = 1 USD



Hafiz Mammadov is 43, married and has 3 children. He started his own business in 1996 because his salary as an engineer wasn’t enough for the family expenses. Hafiz, together with the help of his wife, sells food such as butter, tea, cookies, and pastries, in the local market. The generated income allows Hafiz to support his family. He dreams of educating all of his children with a higher education. Today, he is requesting a loan of 2000 USD that he will use to expand the range of goods he sells. The income he will receive will be spent on the well-being of his family, as well as for his children's education.




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Journal entries for Hafiz Mammadov


Loan has been disbursed
 
Entrepreneur: Hafiz Mammadov
Location: Agsu, Azerbaijan

Thank you for your loan. It has been disbursed to Hafiz Mammadov by Aqroinvest Credit Union in Azerbaijan. We are excited to watch this business grow. Over the 15 months of this loan, Aqroinvest Credit Union will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Agsu, Azerbaijan
Aug 25, 2009
Comments (1)

Kiva Help Repayment Schedule for Hafiz Mammadov

  Expected Repayments Actual Repayments Comments
November 2009 $106.19 $106.19 Repayment Received
December 2009 $109.37 $109.37 Repayment Received
January 2010 $112.67 Available Jan 1  
February 2010 $116.04 Available Feb 1  
March 2010 $119.52 Available Mar 1  
April 2010 $123.11 Available Apr 1  
May 2010 $126.80 Available May 1  
June 2010 $130.60 Available Jun 1  
July 2010 $134.52 Available Jul 1  
August 2010 $138.56 Available Aug 1  
September 2010 $142.71 Available Sep 1  
October 2010 $147.00 Available Oct 1  
November 2010 $151.40 Available Nov 1  
December 2010 $155.95 Available Dec 1  
January 2011 $160.56 Available Jan 1