Mikayil Heydarov


Status: Paying Back

$2,000.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Mikayil Heydarov
Location: Lankaran, Azerbaijan
Activity: Construction Supplies

About the Loan

Loan Amount: $2,000.00
Loan Use: To improve his business
Repayment Term: 16 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 1, 2009
Date Disbursed: Sep 28, 2009
Date Funded:Sep 29, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8035 AZN = 1 USD



Mikayil Heydarov is a 47-year-old trader who is the only breadwinner in his family. He is married and has one son who lives with his parents.

Mikayil started his business five years ago. He sells building materials such as paint, nails and other materials. He applied for a 2,000 USD loan to improve his business.


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Journal entries for Mikayil Heydarov


Loan has been disbursed
 
Entrepreneur: Mikayil Heydarov
Location: Lankaran, Azerbaijan

Thank you for your loan. It has been disbursed to Mikayil Heydarov by Aqroinvest Credit Union in Azerbaijan. We are excited to watch this business grow. Over the 14 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 Lankaran, Azerbaijan
Sep 30, 2009
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Kiva Help Repayment Schedule for Mikayil Heydarov

  Expected Repayments Actual Repayments Comments
December 2009 $117.05 $117.05 Repayment Received
January 2010 $120.56 Available Jan 1  
February 2010 $124.18 Available Feb 1  
March 2010 $127.90 Available Mar 1  
April 2010 $131.74 Available Apr 1  
May 2010 $135.68 Available May 1  
June 2010 $139.77 Available Jun 1  
July 2010 $143.95 Available Jul 1  
August 2010 $148.27 Available Aug 1  
September 2010 $152.73 Available Sep 1  
October 2010 $157.30 Available Oct 1  
November 2010 $162.02 Available Nov 1  
December 2010 $166.89 Available Dec 1  
January 2011 $171.96 Available Jan 1