Vusal Khankishiyev


Status: Paying Back

$1,200.00   Loan Amount
88% repaid

About the Entrepreneur

Name: Vusal Khankishiyev
Location: Imishli, Azerbaijan
Activity: Barber Shop

About the Loan

Loan Amount: $1,200.00
Loan Use: To fund repairs and buy equipment for a barber shop
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 3, 2008
Date Disbursed: Jun 23, 2008
Date Funded:Jun 9, 2008

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8350 AZN = 1 USD



Vusal Khankishiyev is only 22 years old, but he's already run a barber shop in Imishli, Azerbaijan, for four years. The money he earns from his business is the sole source of income for his family, which includes his parents and younger brothers and sisters.



He has requested a loan of $1,200 U.S. dollars to make repairs to his store and buy new equipment. He's confident that he will be able to repay it, because he has plenty of regular clients who appreciate his work. Vusual says he's very hardworking and eager to learn, and he hopes to earn more profit to support his family.


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Lenders to this entrepreneur

Milena
Grand Blanc, MI
United States

Kay
Columbia, MD KivaFriends.org
United States

Anssi
Oulu, Europe
Finland

Per & Tim
Dayton, OH
United States

Barbara
Canton, MA
United States

Enflow Programming
Monterey, CA
United States

Karin
Milford, MI
United States

Anonymous
Westlake, OH
United States

Bradford
Birmingham, AL
United States

GABE AND HELEN
San Marino, CA
United States

Geoff
London,
United Kingdom

alison
Santa Monica, CA
United States

Anonymous
globe, AZ
United States

Martha
KivaFriends.org Alexandria, VA
United States

Neil
Darlinghurst, New South Wales
Australia

Domingo
Reisterstown, MD
United States

Reid Hoffman
Mountain View, CA
United States

Anonymous

United States

Kelteren
Drammen, Buskerud
Norway

Walter
Elgin, IL
United States

Aaron and Renee
Memphis, TN
United States

Jugal & Shelly
Lawrenceville, NJ
United States

Anonymous
Bothell, WA
United States

Pepper
Ridgefield, WA
United States

Kevin
Burley, ID
United States

Russ
Dallas, TX
United States

Karen
Calgary, Alberta
Canada

Christine
Buffalo, NY
United States

ArtBushkin
Vienna, VA
United States

Anonymous
Münster,
Germany

katy
grove city, OH
United States

Stian
Førde, Sogn og Fjordane

Andrew
Chifley, Australian Capital Territory
Australia

Joseph
Waltham, MA
United States

Jeff
Chicago, Illinois
United States

Hideki
Seto city, Aichi
Japan

Anonymous
nanaimo, British Columbia
Canada

Kelly
Alpharetta, GA
United States



Journal entries for Vusal Khankishiyev


Loan has been disbursed
 
Entrepreneur: Vusal Khankishiyev
Location: Imishli, Azerbaijan

Thank you for your loan. It has been disbursed to Vusal Khankishiyev 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 Imishli, Azerbaijan
Jun 23, 2008
Comment on this entry

Using a loan to be a cut above
 
Entrepreneur: Vusal Khankishiyev
Location: Imishli, Azerbaijan

Vusal is working hard at making his business dreams a reality, one snip at a time. He greeted us outside his simple, one-barber-chair shop, wearing a crisp white jacket, his hair perfectly trimmed and combed.

With his $1,200 Kiva loan, Vusal invested in improving his equipment and the conditions. He showed us the new generator that he bought, his new blow drier and his new clippers. He still has other improvements in mind to make with the loan: he wants to replace the corrugated-steel ceiling and fix up the whitewashed walls, he said. His profits have improved by 50 percent since the loan already, he told us.

The new husband told us in Azeri of his hopes for the future. "My future plan is to open a much bigger salon, hire staff and take a place with much better conditions," he said.


Posted by Tamilla Babayeva from Imishli, Azerbaijan
Nov 25, 2008
Comment on this entry

Kiva Help Repayment Schedule for Vusal Khankishiyev

  Expected Repayments Actual Repayments Comments
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 $66.00 Repayment Received
January 2009 $66.67 $66.37 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 $66.67 Repayment Received
July 2009 $66.67 $66.67 Repayment Received
August 2009 $66.67 $66.67 Repayment Received
September 2009 $66.67 $66.65 Repayment Received
October 2009 $66.67 $66.67 Repayment Received
November 2009 $66.67 $66.67 Repayment Received
December 2009 $66.67 $66.67 Repayment Received
January 2010 $66.67 Available Jan 1  
February 2010 $66.61 Available Feb 1