Rovshan Mammadov


Status: Paying Back

$2,000.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Rovshan Mammadov
Location: Bilasuvar, Azerbaijan
Activity: Cattle

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase cattle
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 12, 2009
Date Disbursed: Sep 28, 2009
Date Funded:Aug 25, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8038 AZN = 1 USD



Rovshan Mammadov is a humble man who earns a living in the cattle-farming business. He is an internally displaced person who suffered from the Armenian-Azerbaijan war. In 1992, he lost his house and everything he had. He is the father of one adorable daughter, who motivates him to work harder every day to be able to meet their needs. It is important to note that this business requires a lot of physical work, mainly because he needs to transport the animals from one point to another, crossing long distances under the exposure of the sun, especially in the very hot climate in the city where he lives. This can cause illnesses and can weaken the body. Nonetheless, Rovshan continues to work hard and has now come to AqroInvest to obtain a loan that will allow him to purchase young cattle to raise and sell in his area.

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Journal entries for Rovshan Mammadov


Loan has been disbursed
 
Entrepreneur: Rovshan Mammadov
Location: Bilasuvar, Azerbaijan

Thank you for your loan. It has been disbursed to Rovshan 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 Bilasuvar, Azerbaijan
Sep 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Rovshan Mammadov

  Expected Repayments Actual Repayments Comments
December 2009 $107.54 $107.54 Repayment Received
January 2010 $110.76 Available Jan 1  
February 2010 $114.09 Available Feb 1  
March 2010 $117.51 Available Mar 1  
April 2010 $121.04 Available Apr 1  
May 2010 $124.66 Available May 1  
June 2010 $128.40 Available Jun 1  
July 2010 $132.26 Available Jul 1  
August 2010 $136.23 Available Aug 1  
September 2010 $140.31 Available Sep 1  
October 2010 $144.53 Available Oct 1  
November 2010 $148.86 Available Nov 1  
December 2010 $153.32 Available Dec 1  
January 2011 $157.93 Available Jan 1  
February 2011 $162.56 Available Feb 1