Ion Cernoivanenco


Status: Paid Back

$750.00   Loan Request
$750.00   Paid Back

About the Entrepreneur

Name: Ion Cernoivanenco
Location: Brinza, Moldova
Activity: Vehicle Repairs

About the Loan

Loan Amount: $750.00
Loan Use: Equipment purchases
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Dec 10, 2006
Date Disbursed: Dec 26, 2006
Date Funded:Dec 12, 2006
Loan Ended:May 14, 2007

About the Country

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



Driving up the hill towards the village of Brinza, the most noticeable thing is a large gas station. Like most everywhere in the world, gas stations in Moldova are neat and modern looking, so it makes a good landmark and a convenient stop for motorists. All the activity is great for business at Ion’s auto repair station, located in a small building adjacent to the gas station’s entrance. Here he and his one employee offer wheel balancing and tire repair, as well as regular maintenance services. He has been a mechanic for seven years and easily assesses the needs of the vehicles that stop by. He needs a loan to purchase some newer equipment that will allow him to both work more efficiently and also to offer more services, including wheel alignments.


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Journal entries for Ion Cernoivanenco


Loan has been disbursed
 
Entrepreneur: Ion Cernoivanenco
Location: Brinza, Moldova

Thank you for your loan. It has been disbursed to Ion Cernoivanenco 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 from Brinza, Moldova
Dec 27, 2006
Comment on this entry

Microinvest from Moldova
 
Entrepreneur: Ion Cernoivanenco
Location: Brinza, Moldova

Creditul a fost achitat integral anticipat din profitul obţinut în această perioadă, ar mai avea nevoie de un împrumut pentru aşi achiziţiona un utilj nou, dar la moment încă se mai gîndeşte.

The loan was repaid in full ahead of schedule in the last month from profit obtained in the first months of 2007. Ion may need another loan to fund the purchase of a new piece of equipment, but for the moment he is still considering his options and maintaining the same capacity.


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

Kiva Help Repayment Schedule for Ion Cernoivanenco

  Expected Repayments Actual Repayments Comments
March 2007 $75.00 $75.00 Repayment Received
April 2007 $75.00 $0.00 Repayment Received
May 2007 $75.00 $75.00 Repayment Received
June 2007 $75.00 $150.00 Repayment Received
July 2007 $75.00 $450.00 Repayment Received
August 2007 $75.00 $0.00 Repayment Received
September 2007 $75.00 $0.00 Repayment Received
October 2007 $75.00 $0.00 Repayment Received
November 2007 $75.00 $0.00 Repayment Received
December 2007 $75.00 $0.00 Repayment Received