Rafael Iskenderov


Status: Paying Back

$1,200.00   Loan Amount
77% repaid

About the Entrepreneur

Name: Rafael Iskenderov
Location: Bilasuvar, Azerbaijan
Activity: Dairy

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase two milk cows
Repayment Term: 20 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 22, 2008
Date Disbursed: Aug 24, 2008
Date Funded:Aug 10, 2008

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8245 AZN = 1 USD



Rafael Iskenderov, 48, sells milk to the local milk factory. He has more than 20 years' experience in raising cows. Rafael, his wife and their four children live in the southern region of Bilasuvar, in the Internally Displaced People Settlement. He works as a teacher in a local school and receives social support in the amount of $70 US as an Internally Displaced Person. But the combined salary of $30 US and social support is just not enough to cover basic family needs. To somehow improve his condition he started keeping a cow, but the milk from that cow goes to family needs rather than to the milk factory. Rafael thinks that he needs an additional two cows to expand his milk sales to the factory; they will increase his income and improve his life condition. For this purpose he is applying for $1200 US.


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Journal entries for Rafael Iskenderov


Loan has been disbursed
 
Entrepreneur: Rafael Iskenderov
Location: Bilasuvar, Azerbaijan

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


Posted by from Bilasuvar, Azerbaijan
Aug 24, 2008
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Kiva Help Repayment Schedule for Rafael Iskenderov

  Expected Repayments Actual Repayments Comments
November 2008 $66.66 $67.00 Repayment Received
December 2008 $66.66 $67.00 Repayment Received
January 2009 $66.66 $65.98 Repayment Received
February 2009 $66.66 $66.66 Repayment Received
March 2009 $66.66 $66.66 Repayment Received
April 2009 $66.66 $66.66 Repayment Received
May 2009 $66.66 $66.66 Repayment Received
June 2009 $66.66 $66.66 Repayment Received
July 2009 $66.66 $66.66 Repayment Received
August 2009 $66.66 $66.66 Repayment Received
September 2009 $66.66 $66.66 Repayment Received
October 2009 $66.66 $66.66 Repayment Received
November 2009 $66.66 $66.66 Repayment Received
December 2009 $66.66 $66.66 Repayment Received
January 2010 $66.66 Available Jan 1  
February 2010 $66.66 Available Feb 1  
March 2010 $66.66 Available Mar 1  
April 2010 $66.78 Available Apr 1