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Faiq
Faiq is 46-year-old man who is married with four children. He is an IDP (internally displaced person) and lives in Bilasuvar IDP Settlement. He is a joiner (carpenter/cabinetmaker) and has his cabinets where he serves clients and take orders. His son helps Faiq and is learning how to run the business. He has five years of experience in this field and during this time, he gained the necessary skills and knowledge required for the business. His business brings stable income to his family and his monthly profit is 250 AZN.

Faiq decided to take a loan and purchase new tools for work. This will allow him to take more orders and keep clients satisfied with better quality of work. This will be his fourth loan and he has a good client 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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    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 Faiq to purchase new tools for work.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013