Islam Aliyev


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Islam Aliyev
Location: Saatli Town, Azerbaijan
Activity: Cattle

About the Loan

Loan Amount: $500.00
Loan Use: To buy a cow
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 6, 2007
Date Disbursed: Oct 20, 2007
Date Funded:Oct 6, 2007
Loan Ended:Nov 19, 2008

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:United States Dollars (USD)



Islam Aliyev is a low-income person who is very vulnerable to shifts in the local economy. He is 43, married with three children, and lives in the village of Saatli in the south-central flat area of the Azerbaijan Republic in the Caucasus region.


Islam is a farmer. He started his business in 1989, when he purchased one cow with money he had saved up. The work is interesting, but it is time-consuming and it takes a lot of money and effort.
Islam's family is big and his earnings are not enough to cover all of the family's expenses. He needs to invest some capital to increase the number of animals in his herd and improve his profits. This summer Islam has applied for a US$ 500 loan from Normicro's Saatli branch. With this input of capital, he hopes to make his profit sufficient to cover all his family's expenditures.


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Stephen
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Journal entries for Islam Aliyev


Loan has been disbursed
 
Entrepreneur: Islam Aliyev
Location: Saatli Town, Azerbaijan

Thank you for your loan. It has been disbursed to Islam Aliyev by Norwegian Microcredit LLC (Normicro) in Azerbaijan. We are excited to watch this business grow. Over the next 12 - 18 months, Norwegian Microcredit LLC (Normicro) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Saatli Town, Azerbaijan
Oct 20, 2007
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Kiva Help Repayment Schedule for Islam Aliyev

  Expected Repayments Actual Repayments Comments
January 2008 $41.67 $42.00 Repayment Received
February 2008 $41.67 $42.00 Repayment Received
March 2008 $41.67 $42.00 Repayment Received
April 2008 $41.67 $42.00 Repayment Received
May 2008 $41.67 $42.00 Repayment Received
June 2008 $41.67 $42.00 Repayment Received
July 2008 $41.67 $42.00 Repayment Received
August 2008 $41.67 $42.00 Repayment Received
September 2008 $41.67 $42.00 Repayment Received
October 2008 $41.67 $42.00 Repayment Received
November 2008 $41.67 $42.00 Repayment Received
December 2008 $41.63 $38.00 Repayment Received