Vitalie Mihailov
Status: Paying Back
| $2,300 |
Loan Request
Pre-Disbursed
: Mar 27, 2009
Listed: Apr 3, 2009
Funded: Apr 13, 2009
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75% repaid
About the Field Partner
| Microinvest administers this loan. Learn more | |||||||
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| Field Partner: | Microinvest | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Paused | ||||||
| Time on Kiva: | 39 months | ||||||
| Kiva Entrepreneurs: | 323 | ||||||
| Total Loans: | $370,300 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.00% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Moldova |
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| Avg Annual Income: | $2,374 |
| Currency: | Moldova Lei (MDL) |
| Exchange Rate: | 10.9700 MDL = 1 USD |
About the Loan
| Location: | Ungheni, Moldova | Repayment Term: | 14 months (more info) |
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| Activity: | Grocery Store | Repayment Schedule: | Monthly | |
| Loan Use: | To buy goods and pay rent for a grocery store | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Vitalie has been working in the retail food market for more than 5 years. He buys merchandise from a wholesaler at much lower prices compared with the prices on the retail market. He sells only foodstuffs and soft drinks. His business has been successful since people buy food every day.
Vitalie wants to increase his stock and rent a small grocery store to sell his products. He is requesting a loan from Microinvest to increase his working capital. This will be a great opportunity to develop his business.
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Journal entries for Vitalie Mihailov
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Loan has been disbursed
Location: Ungheni, Moldova
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Posted by
from Ungheni, Moldova
Apr 14, 2009 |
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Comment on this entry
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Repayment Schedule for Vitalie Mihailov
Repayment Schedule for Vitalie Mihailov
| Expected Repayments | Actual Repayments | Comments | |||
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| June 2009 | $191.67 | $191.66 |  Repayment Received
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| July 2009 | $191.67 | $191.67 | Repayment Received
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| August 2009 | $191.67 | $191.67 | Repayment Received
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| September 2009 | $191.67 | $191.68 | Repayment Received
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| October 2009 | $191.67 | $191.67 | Repayment Received
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| November 2009 | $191.67 | $191.67 | Repayment Received
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| December 2009 | $191.67 | $191.67 | Repayment Received
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| January 2010 | $191.67 | $191.67 | Repayment Received
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| February 2010 | $191.67 | $191.67 | Repayment Received
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| March 2010 | $191.67 | Available Mar 1 | |||
| April 2010 | $191.67 | Available Apr 1 | |||
| May 2010 | $191.63 | Available May 1 | |||
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