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Farid
Farid has been involved in a bakery business and running his own bakery for three years. He is 27 years old, married and has a small child. He started his business with very little and could bake 50-60 breads for sale, and today, with the help of his employees, makes about 350 breads. Farid needs 2000 AZN to purchase an oven for baking, a mixer, a steam machine and a lavash-making machine. He intends to expand his business in order to support his family and moves tirelessly toward this goal.
View original language description ↓
Farid zanimaetsa pekarnim biznesom i upravlaeet svoim sekhom uje 3 goda. Emu 27 let, on jenat i u nego malenkiy rebenok. Nachal on svoe delo s malogo, v den on mog ispech 50-60 xleba na prodaju a na segodnashniy den s pomoshyu svoix rabotnikov oni gotovat okolo 350 xleba. Faridu nujni dengi v 2000 azn dla togo chtobi kupit pech dla vipechki, smesitel, parovoy aparat i aparat dla lavasha. On nameren rasshirat svoy biznes radi podderjki semyi i neustanno idet k etoy celi.

Additional Information

About VisionFund AzerCredit:

Vision Fund AzerCredit was established in 1996 to provide credit to ensure people can take control over their own lives and livelihoods.

While VF AzerCredit works both in the urban and rural areas of Azerbaijan, the emphasis is placed on providing loans to micro and small rural entrepreneurs and self-employed poor, covering remote areas, which are not bankable.

AzerCredit provides group loans, agriculture loans and household and family loans for small and micro entrepreneurs.

About Azerbaijan

  • $10,800
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Farid to purchase an oven for baking, a mixer, a steam machine and a lavash-making machine.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2011
Listed
Jan 18, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013