Parfenie Cretu


Status: Paying Back

$950.00   Loan Amount
60% repaid

About the Entrepreneur

Name: Parfenie Cretu
Location: Cimislia, Moldova
Activity: Dairy

About the Loan

Loan Amount: $950.00
Loan Use: to buy 10 sheep and building materials for sheepfold construction
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 5, 2009
Date Disbursed: Jan 21, 2009
Date Funded:Feb 6, 2009

About the Country

Country:Moldova
Avg Annual Income:$2,374.00
Currency:Moldova Lei (MDL)
Exchange Rate:10.5300 MDL = 1 USD



Parfenie Cretu lives in Cimislia district, Sagaidac village. Since 2000, Parfenie was involved in sheep and goat-raising because he had worked before at a sheepfold as a shepherd from the village and was paid by the sheep owners. Now he wants to create his own sheepfold in order to have his sheep to have milk that Parfenie wants to sell to customers in the region.



The purpose of the loan is to buy 10 sheep and building materials for sheepfold construction. Business is in a period of release, and this is why the borrower needs this loan to develop his business. This is the first loan he has borrowed from MicroInvest. His future plan is to increase the number of sheep and also to raise cattle. He wishes to expand his business due to its capabilities and the opportunity given by MicroInvest.


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Journal entries for Parfenie Cretu


Loan has been disbursed
 
Entrepreneur: Parfenie Cretu
Location: Cimislia, Moldova

Thank you for your loan. It has been disbursed to Parfenie Cretu by Microinvest in Moldova. We are excited to watch this business grow. Over the 12 months of this loan, Microinvest will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Cimislia, Moldova
Feb 7, 2009
Comments (1)

Kiva Help Repayment Schedule for Parfenie Cretu

  Expected Repayments Actual Repayments Comments
June 2009 $95.00 $94.99 Repayment Received
July 2009 $95.00 $95.00 Repayment Received
August 2009 $95.00 $95.00 Repayment Received
September 2009 $95.00 $95.01 Repayment Received
October 2009 $95.00 $95.00 Repayment Received
November 2009 $95.00 $95.00 Repayment Received
December 2009 $95.00 Available Dec 1  
January 2010 $95.00 Available Jan 1  
February 2010 $95.00 Available Feb 1  
March 2010 $95.00 Available Mar 1