Vasile Silion


Status: Paid Back

$1,875.00   Loan Request
$1,875.00   Paid Back

About the Entrepreneur

Name: Vasile Silion
Location: Cahul, Moldova
Activity: Home Products Sales

About the Loan

Loan Amount: $1,875.00
Loan Use: Working Capital
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Dec 6, 2006
Date Disbursed: Jan 10, 2007
Date Funded:Dec 27, 2006
Loan Ended:May 14, 2007

About the Country

Country:Moldova
Avg Annual Income:$2,374.00
Currency:United States Dollars (USD)



Many places in Moldova are booming with construction, both residential and commercial. The city of Cahul is no exception. People here spend much of their free time renovating and improving their homes or working on a new one. Cinder-block and wood structures can be seen everywhere and power tools are a common sound. Vasile understands the pride Moldovans feel for their homes and knows that proper construction requires good material inputs, so when he was thinking of going into business it was an easy choice to open a construction materials store. He located in the central market, where his goods catch the attention of many shoppers, and began by selling a number of products for construction and for the home in general. He has noticed that his construction related products sell best and that many clients ask for specific and high quality items, so Vasile has decided to specialize in things such as dry cement, tiles, plastering tools, etc. and to discontinue his stock of household detergents and other goods. To purchase a shipment of all the construction supplies he wants to carry, he needs a loan. This will allow him to purchase from a vendor in the capital city of Chisinau and receive the exact products he thinks will be popular.

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Journal entries for Vasile Silion


Loan has been disbursed
 
Entrepreneur: Vasile Silion
Location: Cahul, Moldova

Thank you for your loan. It has been disbursed to Vasile Silion by Microinvest in Moldova. We are excited to watch this business grow. Over the next 10 - 14 months, Microinvest will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Ari Weiner from Cahul, Moldova
Jan 4, 2007
Comments (3)

Microinvest from Moldova
 
Entrepreneur: Vasile Silion
Location: Cahul, Moldova

The construction materials and tool which Vasile sells have been sought in great quantity by his clients this year, due to weather conditions very favorable to construction activities. This led to an income much higher than he had expected and Vasile therefore has repaid his loan in full. In the bygone quarter he succeeded in securing contracts with producers of construction materials which allows him to lower his prices and also to offer custom order products and has thereby made his business stable and lucrative.

Materilele şi ustensilele de construcţie pe care le realizează în acest an au fost procurate aproape fără întrerupere, aceasta datorită factorilor meteorologici favorabili activităţilor de construcţie, anume acest factor a influenţat la obţinerea unor venituri care iniţial nu au fost planificate, în urma acestului lucru antreprenorul achitînduse integral. Tot în această perioadă antreprenorul a reuşit să facă contracte cu cîteva întreprinderi producătoare de materiale de construcţie, lucru ce îi oferă o stabilitate a afacerii (preţuri reduse la produse, produse la comandă..).


Posted by Ari Weiner from Cahul, Moldova
May 14, 2007
Comments (2)

Kiva Help Repayment Schedule for Vasile Silion

  Expected Repayments Actual Repayments Comments
April 2007 $187.50 $188.00 Repayment Received
May 2007 $187.50 $188.00 Repayment Received
June 2007 $187.50 $0.00 Repayment Received
July 2007 $187.50 $1,499.00 Repayment Received
August 2007 $187.50 $0.00 Repayment Received
September 2007 $187.50 $0.00 Repayment Received
October 2007 $187.50 $0.00 Repayment Received
November 2007 $187.50 $0.00 Repayment Received
December 2007 $187.50 $0.00 Repayment Received
January 2008 $187.50 $0.00 Repayment Received