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Tofiq
Tofiq B. is 54 years old. He is married with four children. Tofiq has a small café where he sells breakfast, lunch, dinner and tea. Prior to opening his own business, he worked at a restaurant where he learned the ins and outs of the trade. He started his business seven years ago.

When Tofiq first started his business, he only opened to sell tea. Once his place became more popular, he was able to dedicate his whole time to the business.

Tofiq wants the loan so he may invest in tables, chairs, and utensils. He is asking for a loan of 1000 AZN. With this money, Tofiq will be able to expand his business, to earn more profit, and in turn improve family living conditions.

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 $1,250 helped Tofiq buy tables, chairs, and utensils.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2010
Listed
Oct 18, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011