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Sadiq
Sadiq is a low-income person. He is 38 and lives with his wife and three children. He has a grocery store where he sells foodstuffs. His business is very successful but needs some capital investment to increase its daily turnover. That is why Sadiq has applied for a loan of 1300 AZN. This loan will allow him to buy larger amounts of goods for resale. The additional profit will help him better provide for his family and save more money to build his own shop one day.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Sadiq to purchase grocery items to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 19, 2012