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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 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
  • $13,942,725
    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