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Namiq
Namiq S. is a very young and enthusiastic guy of 22 years. Being so young, he could start his business and choose very proper goods to sell: men's shoes and shirts. He has very good quality goods, and once a week he goes to the capital of the country, which is about three hours away from his home city Imishli, to sell them. He rents a store in the central market. He started his business two years ago and now would like to expand it and purchase more items. He would like to make some savings and get married in near future. For these purposes, he has applied for a loan of 2,500 USD.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,936,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Namiq to purchase more men's clothes and shoes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 18, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010