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Sayyab
Sayyab is a 57-year-old man who lives and works in the small village in the Imishli region. Sayyab is married and has four children. He owns a small café where he serves local people national dishes and tea. Tea is the most popular beverage in Azerbaijan and people like to sit for hours and drink tea with homemade jam. He has 10 years of experience in the service business, however he opened his café just two years ago.

Sayyab`s son helps him to run the business and serve clients. Being polite and friendly helps Sayyab to provide the best quality service to his clients. In the evenings, his café is full because that is the time when local men join together to chat over a couple kettles of tea.

The monthly profit from Sayyab`s business is 300 AZN. He would like to expand his business, and for this purpose he applied for a 1,000 AZN loan. He will use the loan to make renovations and purchase new chairs, tables, and tableware. This will be his second 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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Sayyab to make renovations and purchase new chairs, tables, and tableware for his cafe.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012