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Rashad
Rashad D. is 41. He sells an assortment of different kinds of good quality flour. Because he buys the flour wholesale, his price is cheaper than the price of his competitors. He has a successful business selling flour at the local market in the Agsu region.

Today, Rashad has great demand for his goods and that is why he wants to take out an individual loan. He has requested a loan of 1,600 AZN to add to his working capital and allow him to purchase more inventory. He is ready to work even harder, make sacrifices, and push every once in a while to achieve his goal and become a successful entrepreneur. We believe his perseverance and clear vision will become key success factors in his small business.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Rashad to purchase more flour to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 28, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 19, 2010