Babek Akhmadov
Status: Paying Back
| $1,200.00 | Loan Amount |
|---|
About the Entrepreneur
| Name: | Babek Akhmadov |
|---|---|
| Location: | Imishli, Azerbaijan |
| Activity: | Retail |
About the Loan
| Loan Amount: | $1,200.00 |
|---|---|
| Loan Use: | Purchase different types of products for his store |
| Repayment Term: | 16 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Feb 19, 2009 |
| Date Disbursed: | Mar 26, 2009 |
| Date Funded: | Feb 20, 2009 |
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: | 0.8063 AZN = 1 USD |
Babek Akhmadov is a young and energetic man of 23. He is single and lives with his parents who are on pension now. Babek has been running a store for the last two years, which is the main source of income for the family. He sells different kind of goods such as tooth paste, soup, cosmetics, deodorants, and other items.
Babek finished his studies at the university, but he could not find a job appropriate to his profession. His father gave him a small amount of money to start his own business. Babek took the opportunity to start selling products in high demand among the local people. Now he has about 2000 USD of stock in his store. Babek wants to start his own family this year, so he needs to increase his income. Babek has applied for a 1200 USD loan for the term of 14 months. He appreciates your help.
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Journal entries for Babek Akhmadov
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Loan has been disbursed
Location: Imishli, Azerbaijan
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Posted by
from Imishli, Azerbaijan
Mar 26, 2009 |
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Comment on this entry
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Repayment Schedule for Babek Akhmadov
Repayment Schedule for Babek Akhmadov
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| June 2009 | $70.23 | $70.23 |  Repayment Received
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| July 2009 | $72.34 | $72.34 | Repayment Received
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| August 2009 | $74.51 | $74.51 | Repayment Received
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| September 2009 | $76.75 | $76.75 | Repayment Received
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| October 2009 | $79.05 | $79.05 | Repayment Received
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| November 2009 | $81.43 | $81.43 | Repayment Received
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| December 2009 | $83.86 | $83.86 | Repayment Received
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| January 2010 | $86.38 | Available Jan 1 | |||
| February 2010 | $88.97 | Available Feb 1 | |||
| March 2010 | $91.64 | Available Mar 1 | |||
| April 2010 | $94.38 | Available Apr 1 | |||
| May 2010 | $97.22 | Available May 1 | |||
| June 2010 | $100.14 | Available Jun 1 | |||
| July 2010 | $103.10 | Available Jul 1 | |||
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