Muradkhan Mammadov


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Entrepreneur

Name: Muradkhan Mammadov
Location: Baku, Azerbaijan
Activity: Electronics Repair

About the Loan

Loan Amount: $850.00
Loan Use: To buy refrigerators to repair and resell.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 11, 2008
Date Disbursed: May 27, 2008
Date Funded:May 13, 2008
Loan Ended:Jun 18, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:1.0000 AZN = 1 USD



Muradkhan is an internally displaced person (IDP) from Aghdam. He owns an appliance repair shop. Most of his business comes from buying used refrigerators and reselling them.

Muradkhan has been in this business for five years. During this time, he has learned that used refrigerators are cheaper in the winter time. He is asking for this loan so that he can purchase some old, cheap refrigerators now and resell them in the summer for a large profit.



His uncle, who is fixing a washing machine in the photo, is a partner in business. Muradkhan is single.



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Lenders to this entrepreneur

Andreas & Knut (Germany)
Köln,
Germany

Fred
Los Gatos, CA
United States

Christopher
Oakley, CA
United States

David
Boulder City, NV
United States

Mick
Baltimore, MD
United States

David
San Jose, CA
United States

Jessica & Maddy
Norfolk, VA
United States

david
New Albany, IN
United States

Econ 384 @ UMW
Fredericksburg, VA
United States

Anonymous

John
Grimsby, Ontario
Canada

Ashwini
Mountain View, CA
United States

Eric
Seattle, WA
United States

Wolfgang
Dortmund,
Germany

Beth
Charlton, MA
United States

Anonymous
Nashville, TN
United States

Anonymous

David
Clermont, FL
United States



Journal entries for Muradkhan Mammadov


Loan has been disbursed
 
Entrepreneur: Muradkhan Mammadov
Location: Baku, Azerbaijan

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


Posted by from Baku, Azerbaijan
May 28, 2008
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Kiva Help Repayment Schedule for Muradkhan Mammadov

  Expected Repayments Actual Repayments Comments
August 2008 $70.83 $71.00 Repayment Received
September 2008 $70.83 $71.00 Repayment Received
October 2008 $70.83 $71.00 Repayment Received
November 2008 $70.83 $71.00 Repayment Received
December 2008 $70.83 $71.00 Repayment Received
January 2009 $70.83 $69.98 Repayment Received
February 2009 $70.83 $70.83 Repayment Received
March 2009 $70.83 $70.83 Repayment Received
April 2009 $70.83 $70.83 Repayment Received
May 2009 $70.83 $70.83 Repayment Received
June 2009 $70.83 $70.82 Repayment Received
July 2009 $70.87 $70.88 Repayment Received