Firudin Mammadov


Status: Paying Back

$1,225.00   Loan Amount
34% repaid

About the Entrepreneur

Name: Firudin Mammadov
Location: Sabirabad, Azerbaijan
Activity: Grocery Store

About the Loan

Loan Amount: $1,225.00
Loan Use: To expand the variety of food goods sold in his store
Repayment Term: 17 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 24, 2009
Date Disbursed: Apr 27, 2009
Date Funded:Mar 24, 2009

About the Country

Country:Azerbaijan
Avg Annual Income:$6,171.00
Currency:Azerbaijan New Manats (AZN)
Exchange Rate:0.8026 AZN = 1 USD



Firudin Mammadov is a dedicated husband and successful father of four children. His eldest child is studying at university and the youngest at elementary school. Firudin began a small grocery store more that 15 years ago, using savings that he earned as a carpenter as his small capital. He was assisted by his wife who helps him serve the customers. Today his clientele has grown and his grocery store has become more popular. He is asking for a loan so that he can expand the variety of goods that are sold in the store. Firudin is very grateful to everyone who helps him achieve business success with this loan.




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Journal entries for Firudin Mammadov


Loan has been disbursed
 
Entrepreneur: Firudin Mammadov
Location: Sabirabad, Azerbaijan

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


Posted by from Sabirabad, Azerbaijan
Apr 27, 2009
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Kiva Help Repayment Schedule for Firudin Mammadov

  Expected Repayments Actual Repayments Comments
July 2009 $65.86 $65.86 Repayment Received
August 2009 $67.84 $67.84 Repayment Received
September 2009 $69.87 $69.87 Repayment Received
October 2009 $71.96 $71.96 Repayment Received
November 2009 $74.12 $74.12 Repayment Received
December 2009 $76.34 $76.34 Repayment Received
January 2010 $78.64 Available Jan 1  
February 2010 $81.00 Available Feb 1  
March 2010 $83.43 Available Mar 1  
April 2010 $85.93 Available Apr 1  
May 2010 $88.50 Available May 1  
June 2010 $91.16 Available Jun 1  
July 2010 $93.90 Available Jul 1  
August 2010 $96.72 Available Aug 1  
September 2010 $99.73 Available Sep 1