Tofiq Akhmadov
Status: Paying Back
| $1,200.00 | Loan Amount |
|---|
54% repaid
About the Entrepreneur
| Name: | Tofiq Akhmadov |
|---|---|
| Location: | Bilasuvar, 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: | Covered  |
| Date Listed: | Dec 5, 2008 |
| Date Disbursed: | Jan 27, 2009 |
| Date Funded: | Dec 27, 2008 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Aqroinvest Credit Union |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 30 months |
| Kiva Entrepreneurs: | 1320 |
| Total Loans: | $1,638,925 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Azerbaijan |
|---|---|
| Avg Annual Income: | $6,171.00 |
| Currency: | Azerbaijan New Manats (AZN) |
| Exchange Rate: | 0.8086 AZN = 1 USD |
At 44 years of age, Tofiq Akhmadov is married and lives with his wife, daughter and pensioned parents. His principal work is the buying and selling of cattle, a business requiring costly travel as he goes to remote areas where these animals cost less. While the enterprise is very profitable, Tofiq’s lack of capital makes his income insignificant, and living conditions remain difficult in his household.
In order to strengthen his business, Tofiq is requesting a loan of $1200 to buy more cattle to expand his business. This will allow him to effectively meet the needs of his household.
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Journal entries for Tofiq Akhmadov
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Loan has been disbursed
Location: Bilasuvar, Azerbaijan
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Posted by
from Bilasuvar, Azerbaijan
Jan 27, 2009 |
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Comment on this entry
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Repayment Schedule for Tofiq Akhmadov
Repayment Schedule for Tofiq Akhmadov
| Expected Repayments | Actual Repayments | Comments | |||
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| April 2009 | $64.52 | $64.52 |  Repayment Received
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| May 2009 | $66.45 | $66.45 | Repayment Received
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| June 2009 | $68.45 | $68.44 | Repayment Received
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| July 2009 | $70.50 | $70.50 | Repayment Received
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| August 2009 | $72.62 | $72.62 | Repayment Received
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| September 2009 | $74.80 | $74.81 | Repayment Received
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| October 2009 | $77.04 | $77.04 | Repayment Received
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| November 2009 | $79.35 | $79.35 | Repayment Received
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| December 2009 | $81.72 | $81.72 | Repayment Received
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| January 2010 | $84.17 | Available Jan 1 | |||
| February 2010 | $86.71 | Available Feb 1 | |||
| March 2010 | $89.31 | Available Mar 1 | |||
| April 2010 | $91.98 | Available Apr 1 | |||
| May 2010 | $94.74 | Available May 1 | |||
| June 2010 | $97.64 | Available Jun 1 | |||
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