Rufullu Najafov


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Entrepreneur

Name: Rufullu Najafov
Location: Sabirabad, Azerbaijan
Activity: Clothing Sales

About the Loan

Loan Amount: $1,200.00
Loan Use: To increase number of clothes
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 8, 2008
Date Disbursed: Jan 22, 2008
Date Funded:Jan 8, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8478 AZN = 1 USD



Rufulla is 45 year old trader who has been selling men clothes in the central Sabirabad bazaar for nine years. He brings in clothes from different countries which is why his goods are of high quality and sells very quickly. He is married and has three daughters. This business is the only financial source in his family and he tries very hard to cover all of his family's needs. Rufulla plans to increase number of clothes he brings in from abroad. To expand his business he has applied for a 1200 USD loan.

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Journal entries for Rufullu Najafov


Loan has been disbursed
 
Entrepreneur: Rufullu Najafov
Location: Sabirabad, Azerbaijan

Thank you for your loan. It has been disbursed to Rufullu Najafov by Aqroinvest CU in Azerbaijan. We are excited to watch this business grow. Over the next 18 months, Aqroinvest CU will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Sabirabad, Azerbaijan
Jan 23, 2008
Comment on this entry

The Place to buy a Shirt
 
Entrepreneur: Rufullu Najafov
Location: Sabirabad, Azerbaijan

Greetings from Sabirabad, Azerbaijan! We visited Rufullu Najafov on 14 March 2008 to learn how the business was doing after receipt of the Kiva loan. He used the loan as planned to expand his inventory. Rufullu now has two stalls in the clothing bazaar and two employees to help him. He reports that summer is his busiest season and that his shirts sell quickest. One of his popular items is foreign soccer jerseys that he imports for his inventory.


Posted by Jonathan Buser from Sabirabad, Azerbaijan
Apr 8, 2008
Comment on this entry

Kiva Help Repayment Schedule for Rufullu Najafov

  Expected Repayments Actual Repayments Comments
April 2008 $66.67 $67.00 Repayment Received
May 2008 $66.67 $67.00 Repayment Received
June 2008 $66.67 $67.00 Repayment Received
July 2008 $66.67 $67.00 Repayment Received
August 2008 $66.67 $67.00 Repayment Received
September 2008 $66.67 $67.00 Repayment Received
October 2008 $66.67 $67.00 Repayment Received
November 2008 $66.67 $67.00 Repayment Received
December 2008 $66.67 $64.00 Repayment Received
January 2009 $66.67 $66.69 Repayment Received
February 2009 $66.67 $66.67 Repayment Received
March 2009 $66.67 $66.67 Repayment Received
April 2009 $66.67 $66.67 Repayment Received
May 2009 $66.67 $66.67 Repayment Received
June 2009 $66.67 $66.66 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.61 $66.63 Repayment Received