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Mikayil
Mikayil is a 46-year-old, married man with one daughter. Eight years ago Mikayil decided to start his own business selling office supplies and lottery tickets. Hence, he opened a store which he operates with his loving family. His store has a very good location in the central city bazaar. His monthly income is 250 USD. Mikayil has plentiful orders for a variety of lottery tickets and office supplies and now is applying for a loan of 1500 AZN to fulfill his orders. This will be his 2nd loan and he has a good credit history.

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 $1,925 helped Mikayil to purchase more office supplies to increase profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2011
Listed
Oct 14, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013