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Nahid
Nahid is 26 years old and married. He is an IDP (internally displaced person) and lives with his family in Bilasuvar IDP Settlement. He sells different kinds of products. He sells foodstuffs like candies, cookies, butter, and macaroni as well as hair coloring and some cosmetics stuff. He has five years of experience in this field and gained the necessary skills and knowledge for business.

The products he sells are very popular in Azerbaijan and sell out from his shelves. Nahid`s business brings him 300 AZN profit. It is hard to keep satisfied customers with this income, because Nahid needs to make some savings and can’t put all the income back into the business again. This is the only financial source for his family.

He needs to expand his business and for this purpose, he applied for a loan of 1,500 AZN. He will use the loan to purchase more merchandise for his shop. This will be the third loan from AqroInvest CU to Nahid 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
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    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 Nahid to purchase more merchandise.
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:
Dec 15, 2012