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Mr. Elghun is a low income vulnerable person. He is 24 and lives in the village of Saatli city, which is situated in the south-central area of the Azerbaijan Republic in the Caucasus region.

Elghun rents a small shop in the local bazaar of Saatli town and sells food. The business is very successful and needs some investment to increase the daily sales, but Elghun has no collateral to apply to the commercial banks.

That's why he applied to Normicro Saatli branch for a $700 loan. This credit could let him buy and sell more goods and better provide the necessities of life for his parents.

About Azerbaijan

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD