Vusal Akhmadov


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

Name: Vusal Akhmadov
Location: Saatli Town, Azerbaijan
Activity: Cattle

About the Loan

Loan Amount: $500.00
Loan Use: To buy animals
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 18, 2007
Date Disbursed: Nov 1, 2007
Date Funded:Oct 18, 2007
Loan Ended:Dec 16, 2008

About the Country

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



Mr. Vusal is a 28-year-old farmer. He lives with his family in Saatli, situated in the central part of Azerbaijan. He started his business in 2001, when he purchased one cow with money he had saved up. The income from this business is not enough to cover all the family and business expenditures. Vusal purchases calves, breeds them, then quarters them before selling them to the butcher who works in the big local market. To increase the profit margin from the selling, Vusal has to invest some money to make his small herd bigger. His application to Normicro Saatli for $500 loan is approved already. He hopes eventually to expand his business with this loan.

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Lenders to this entrepreneur

Michel
GAGNY,
France

Terri
Washington, DC
United States

Dan
Casper, WY
United States

Kristin B.
Jessheim,
Norway

Leslie
Spruce Grove, Alberta
Canada

MacKenna
Fredericksburg, TX
United States

DAVID
IMPERIAL, MO
United States

Vesla
Oslo, Oslo
Norway

Jeff
Paso Robles, CA
United States

Nathan
Oakland, CA
United States

Stefan
Redlands, CA
United States

Erin
Rego Park, NY
United States

vilde
drammen,
Norway

Gary
Chicago, IL
United States

FarmallCub
OAK GROVE, MO
United States

Gregory
Sewickley, PA
United States

Christopher
Denver, CO
United States

Brook
High Point, NC
United States

Peter
kensington, MD
United States

Collin
Minneapolis, MN
United States



Journal entries for Vusal Akhmadov


Loan has been disbursed
 
Entrepreneur: Vusal Akhmadov
Location: Saatli Town, Azerbaijan

Thank you for your loan. It has been disbursed to Vusal Akhmadov 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
Nov 1, 2007
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Kiva Help Repayment Schedule for Vusal Akhmadov

  Expected Repayments Actual Repayments Comments
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 $41.67 $42.00 Repayment Received
January 2009 $41.63 $38.00 Repayment Received