Alyar Novruzov


Status: Paying Back

$2,000.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Alyar Novruzov
Location: Masalli, Azerbaijan
Activity: Home Products Sales

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase more furniture to increase his sales
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 1, 2009
Date Disbursed: Sep 28, 2009
Date Funded:Sep 30, 2009

About the Country

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



Alyar Novruzov is a 29-year-old man who sells home furniture in Masalli city. He has nine years of experience in this field.

Alyar is married and has two children. He does his best to cover family needs and make some savings for his children’s education.

Alyar is also a master carpenter and makes furniture for customers. His wife helps him with she shop when he is making orders. Now, Alyar has applied for a 2,000 USD loan to purchase more furniture to increase his retail sales.


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Journal entries for Alyar Novruzov


Loan has been disbursed
 
Entrepreneur: Alyar Novruzov
Location: Masalli, Azerbaijan

Thank you for your loan. It has been disbursed to Alyar Novruzov 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 Masalli, Azerbaijan
Oct 1, 2009
Comments (1)

Kiva Help Repayment Schedule for Alyar Novruzov

  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