Albert Margaryan
Status: Paying Back
| $2,600.00 | Loan Amount |
|---|
4% repaid
About the Entrepreneur
| Name: | Albert Margaryan |
|---|---|
| Location: | Sevan, Armenia |
| Activity: | Food Production/Sales |
About the Loan
| Loan Amount: | $2,600.00 |
|---|---|
| Loan Use: | To buy a car to transport his products to his customers. |
| Repayment Term: | 20 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 4, 2009 |
| Date Disbursed: | Sep 15, 2009 |
| Date Funded: | Oct 5, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Nor Horizon Universal Credit Organization Limited Liability Company |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Pilot |
| Time On Kiva: | 3 months |
| Kiva Entrepreneurs: | 30 |
| Total Loans: | $49,950 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Armenia |
|---|---|
| Avg Annual Income: | $6,400.00 |
| Currency: | Armenia Drams (AMD) |
| Exchange Rate: | 384.7504 AMD = 1 USD |
Albert Margaryan is 57 years old. He lives in Sevan with his wife and son. The whole family contributes to his business, which consists of preparing and selling confectionery. Three years ago, Albert developed a spot in the yard of his own home as a place for his business. Before that, he worked as a builder in Russia. He decided to return to his native land and start his family business. His production is now very popular in the entire Gegharkunik region. The main business centre is located in Albert’s hometown, Sevan town. Albert provides many shops and school buffets with his product. He has difficulty delivering his product to such a vast region. Albert wants to take a loan of 1,000,000 AMD to buy a car in order to provide his customers with his fresh products, on time.
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Journal entries for Albert Margaryan
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Loan has been disbursed
Location: Sevan, Armenia
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Posted by
from Sevan, Armenia
Oct 6, 2009 |
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Comment on this entry
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Repayment Schedule for Albert Margaryan
Repayment Schedule for Albert Margaryan
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $120.12 | $120.12 |  Repayment Received
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| January 2010 | $129.14 | Available Jan 1 | |||
| February 2010 | $129.92 | Available Feb 1 | |||
| March 2010 | $129.61 | Available Mar 1 | |||
| April 2010 | $134.19 | Available Apr 1 | |||
| May 2010 | $138.53 | Available May 1 | |||
| June 2010 | $135.67 | Available Jun 1 | |||
| July 2010 | $142.74 | Available Jul 1 | |||
| August 2010 | $142.40 | Available Aug 1 | |||
| September 2010 | $144.04 | Available Sep 1 | |||
| October 2010 | $148.64 | Available Oct 1 | |||
| November 2010 | $149.79 | Available Nov 1 | |||
| December 2010 | $152.33 | Available Dec 1 | |||
| January 2011 | $155.35 | Available Jan 1 | |||
| February 2011 | $157.92 | Available Feb 1 | |||
| March 2011 | $160.24 | Available Mar 1 | |||
| April 2011 | $162.97 | Available Apr 1 | |||
| May 2011 | $166.40 | Available May 1 | |||
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