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Rashad
Rashad A. has a successful business selling food items. He started his business about 2 years ago, as an additional source of income. His primarily business is livestock breeding. Rashad purchases products, at very low prices, and then resells at a profit. Because he sells in bulk, he deals with a high inventory turnover rate. He has requested a loan of 1000 AZN to increase his business capital. This loan will give him the ability to purchase more products to sell, enabling him to increase his profits and to continue operating a profitable business. Rashad is going to use his loan also to purchase one cow.

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
  • $13,919,450
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Rashad to purchase more products to sell and one cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2010
Listed
Sep 8, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 16, 2011