Qabil Seferov


Status: Paying Back

$1,200.00   Loan Amount
61% repaid

About the Entrepreneur

Name: Qabil Seferov
Location: Saatli, Azerbaijan
Activity: Cattle

About the Loan

Loan Amount: $1,200.00
Loan Use: To purchase four calves
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Nov 13, 2008
Date Disbursed: Dec 8, 2008
Date Funded:Dec 3, 2008

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:United States Dollars (USD)



Qabil Seferov is 41 years old and married with three sons. Qabil is a hard-working man who is running a cattle breeding business. He started his own business as a source of additional income and savings in case of unemployment. He is also working as a teacher in the local school, but the salary is too small even to cover the monthly basic needs of his family. He knew many people who purchased cattle, and this motivated him to start his own business 16 years ago.

Over time, he has increased his cattle sales and he is proud to say that the business has been running well, but he now needs additional capital to expand his business. Therefore, Qabil is requesting a loan in the amount of $1,200 to purchase four additional cattle to sell. More specifically, he will reinvest the loan proceeds and grow the business, as he has been doing.

He and his family thank you very much for the support that you offer them in helping to expand his business and helping them give their children a better quality of life.

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Journal entries for Qabil Seferov


Loan has been disbursed
 
Entrepreneur: Qabil Seferov
Location: Saatli, Azerbaijan

Thank you for your loan. It has been disbursed to Qabil Seferov 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 Saatli, Azerbaijan
Dec 8, 2008
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Kiva Help Repayment Schedule for Qabil Seferov

  Expected Repayments Actual Repayments Comments
March 2009 $64.52 $64.52 Repayment Received
April 2009 $66.46 $66.46 Repayment Received
May 2009 $68.45 $68.45 Repayment Received
June 2009 $70.50 $70.50 Repayment Received
July 2009 $72.62 $72.62 Repayment Received
August 2009 $74.80 $74.80 Repayment Received
September 2009 $77.04 $77.04 Repayment Received
October 2009 $79.35 $79.35 Repayment Received
November 2009 $81.73 $81.73 Repayment Received
December 2009 $84.18 $84.18 Repayment Received
January 2010 $86.71 Available Jan 1  
February 2010 $89.31 Available Feb 1  
March 2010 $91.99 Available Mar 1  
April 2010 $94.75 Available Apr 1  
May 2010 $97.59 Available May 1