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Ramil
Ramil is 32 years old. He has been selling different kinds of construction materials, such as cement, paints and so on, in the market for the past 5 years, during which time he has acquired the knowledge and skills required to open his store.

Since he started his store, his clientele has increased, thanks to his good service. With the first loan he was able to increase his stock, and he has a good client history.

Now he is requesting a loan of 1,300 AZN, which he will use to buy merchandise to increase his assortment of items for sale.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Ramil to buy merchandise to increase his assortment of items for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2011
Listed
Jul 11, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 19, 2012