Kiril Ivanov Shekerdankov

Status: Ended with Loss - Defaulted

$450.00		Loan Request
$260.00		Paid Back

About the Entrepreneur

Name:	Kiril Ivanov Shekerdankov
Location:	Sliven, Bulgaria
Activity:	Musical Performance

About the Loan

Loan Amount:	$450.00
Loan Use:	Instrument tuning, uniform
Repayment Term:	14 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	May 3, 2006
Date Disbursed:	Jun 21, 2006
Date Funded:	Jun 7, 2006
Loan Ended:	Mar 31, 2008

About the Field Partner

Field Partner:

Regional Economic Development Center (REDC Bulgaria)

Field Partner Risk Rating:

(Learn more)

Closed

45 months

$36,700

N/A - No Paying Back Loans

Default Rate:

14.46%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Bulgaria
Avg Annual Income:	$10,844.00
Currency:	United States Dollars (USD)

Kiril is a saxophone player in the Karandila Orchestra, a Roma band based in Sliven, Bulgaria. He has been playing the saxophone since he was 12. He has no formal music education, but real talent. His work, however, is unpredictable and seasonal, and has no savings. Last summer, Kiril began to play with “Southern Nights” orchestra in Sunny Beach, a new tourist destination for western Europeans on the Bulgarian Black Sea coast. Kiril needs this loan to finance the upfront costs for this summer’s work; travel expenses, instrument tuning and the purchase of this year’s uniform. The loan duration is 1 year, although we expect the preponderance of the loan to be repaid in a shorter time frame. Lenders interested in learning more about the Roma culture in Bulgaria might find “Bury Me Standing: The Gypsies and Their Journey” by Isabel Fonseca to be helpful. The book was published in 1995 and is widely available.

Lenders to this entrepreneur

Peter
Winterthur,
Switzerland

Anonymous
Kingston, Ontario
Canada

mole333
Brooklyn, NY
United States

Johanna
Kew Gardens, NY
United States

Anonymous

Alexander
Las Vegas, NV
United States

Sonali

Declan
Dunn Loring, VA
United States

Andrew
Lowell, MA
United States

Jane
Winchester, Hampshire
United Kingdom

Anonymous

Journal entries for Kiril Ivanov Shekerdankov

Sunny Beach work Entrepreneur: Kiril Ivanov Shekerdankov Location: Sliven, Bulgaria Kiril has been in the Bulgarian Black Sea resort of Sunny Beach since June with 8 colleagues performing Roma folk music. The performances have been a combination of contracted shows at hotels and restaurants as well as street shows during their free time. Crowds have been larger than last year, as more western tourists have been packing the resort. One thing they’ve noticed is that western tourists translate into larger tips during street performances, so Kiril and his colleagues have been making more time for them. Kiril is alone in not having made any repayments to his loan yet, but assures us that they will be coming this fall.
Posted by Greg Kelly from Sliven, Bulgaria Sep 1, 2006
Comments (3)

Repayment Schedule for Kiril Ivanov Shekerdankov

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	Expected Repayments	Actual Repayments	Comments
September 2006	$37.50	$0.00	Repayment Received
October 2006	$37.50	$0.00	Repayment Received
November 2006	$37.50	$0.00	Repayment Received
December 2006	$37.50	$0.00	Repayment Received
January 2007	$37.50	$0.00	Repayment Received
February 2007	$37.50	$0.00	Repayment Received
March 2007	$37.50	$0.00	Delinquent
April 2007	$37.50	$260.00	Delinquent
May 2007	$37.50	$0.00	Delinquent
June 2007	$37.50	$0.00	Delinquent
July 2007	$37.50	$0.00	Delinquent
August 2007	$37.50	$0.00	Delinquent