Israfil Ramazanov


Status: Paying Back

$2,000.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Israfil Ramazanov
Location: Lankaran, Azerbaijan
Activity: General Store

About the Loan

Loan Amount: $2,000.00
Loan Use: To purchase more items to sell
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 1, 2009
Date Disbursed: Oct 27, 2009
Date Funded:Oct 27, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8040 AZN = 1 USD



İsrafil Ramazanov is a 43-year-old married man and the loving father of three children. For seven years İsrafil has had a small shop near his house where he sells all kinds of household items. His children help him with the business.

İsrafil dreams that his children will enter higher education, and that is why he is working hard, together with his wife who always assists him in everything. İsrafil's business is successful in bringing considerable income to the family.

Today, İsrafil wants to expand his business and to increase his working capital for purchasing new goods to sell. With this purpose he is requesting a loan of 2,000 USD. He promises to manage this loan reliably as well.


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Journal entries for Israfil Ramazanov


Loan has been disbursed
 
Entrepreneur: Israfil Ramazanov
Location: Lankaran, Azerbaijan

Thank you for your loan. It has been disbursed to İsrafil Ramazanov 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 Lankaran, Azerbaijan
Oct 28, 2009
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Kiva Help Repayment Schedule for Israfil Ramazanov

  Expected Repayments Actual Repayments Comments
January 2010 $107.53 Available Jan 1  
February 2010 $110.75 Available Feb 1  
March 2010 $114.08 Available Mar 1  
April 2010 $117.50 Available Apr 1  
May 2010 $121.02 Available May 1  
June 2010 $124.65 Available Jun 1  
July 2010 $128.40 Available Jul 1  
August 2010 $132.25 Available Aug 1  
September 2010 $136.22 Available Sep 1  
October 2010 $140.29 Available Oct 1  
November 2010 $144.51 Available Nov 1  
December 2010 $148.85 Available Dec 1  
January 2011 $153.32 Available Jan 1  
February 2011 $157.90 Available Feb 1  
March 2011 $162.73 Available Mar 1