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Namiq
Namiq I. is the married father of two sons. His family lives in Imishli City where Namiq runs a small grocery store, selling food downtown. His store is well known in the neighborhood as he serves his customers well and works late hours, which is very convenient for many customers who work late and go shopping after work.

Namiq has been in business for five years. Currently he is seeking a loan of $1,200 to purchase more inventory to increase the variety of goods he offers. He had some struggles when his business was growing and becoming self-sustainable, but he handled all these challenges pretty well and is looking toward to the future with much enthusiasm and optimism.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Namiq to purchase more inventory to increase his variety of goods.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 20, 2009
Listed
Jun 12, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 19, 2010