Asad Aslanov


Status: Paying Back

$1,200.00   Loan Amount
80% repaid

About the Entrepreneur

Name: Asad Aslanov
Location: Imishli, Azerbaijan
Activity: General Store

About the Loan

Loan Amount: $1,200.00
Loan Use: to purchase new goods to sell
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 15, 2008
Date Disbursed: Oct 31, 2008
Date Funded:Oct 17, 2008

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8099 AZN = 1 USD



Asad Aslanov is 68 years old, and a very hard working, enthusiastic man who is married and wishes to give the best support to his 3 sons. Because the small pension he received was not sufficient to cover the family's basic expenses, he decided to start his own business selling office supplies, beverages, snacks and candies. He made a wise decision when he rented a place near one of the local schools and now the majority of his clients are school children, teachers and sometimes parents.

Asad tries to give his family as much money as possible in order to cover the expenses of schooling his grandchildren. His sons are married but it is still very hard to cover family needs and Asad`s business is an additional source of income.

Today Asad wants to expand his business and to increase his working capital in order to purchase new goods to sell. With this purpose in mind, he is requesting a loan of US$1200. He hopes you will choose to play an important role in his business' growth and in the life of his family, and he thanks you for your support.

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Journal entries for Asad Aslanov


Loan has been disbursed
 
Entrepreneur: Asad Aslanov
Location: Imishli, Azerbaijan

Thank you for your loan. It has been disbursed to Asad Aslanov by Aqroinvest Credit Union in Azerbaijan. We are excited to watch this business grow. Over the next 15 months, Aqroinvest Credit Union will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Imishli, Azerbaijan
Nov 1, 2008
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Kiva Help Repayment Schedule for Asad Aslanov

  Expected Repayments Actual Repayments Comments
January 2009 $80.00 $80.00 Repayment Received
February 2009 $80.00 $80.00 Repayment Received
March 2009 $80.00 $80.00 Repayment Received
April 2009 $80.00 $80.00 Repayment Received
May 2009 $80.00 $80.00 Repayment Received
June 2009 $80.00 $79.99 Repayment Received
July 2009 $80.00 $80.00 Repayment Received
August 2009 $80.00 $80.00 Repayment Received
September 2009 $80.00 $80.01 Repayment Received
October 2009 $80.00 $80.00 Repayment Received
November 2009 $80.00 $80.00 Repayment Received
December 2009 $80.00 $80.00 Repayment Received
January 2010 $80.00 Available Jan 1  
February 2010 $80.00 Available Feb 1  
March 2010 $80.00 Available Mar 1