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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.
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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

This loan is administered by VisionFund AzerCredit (VF AzerCredit). VF AzerCredit is part of VisionFund International, which has microfinance banking operations in 40 countries. VF AzerCredit aims to provide sustainable financial services for people in Azerbaijan who are not able to access financing through the conventional banking system.

With branches stretching across Azerbaijan, VF AzerCredit currently serves over 40,000 active clients with a variety of loan products. Of over 20 regions in which VF AzerCredit operates, a strong majority are comparatively underserved rural areas.

For more information on VF AzerCredit, please visit its partner page. If you would like to support other VF AzerCredit clients, please see other loans currently fundraising from this Field Partner.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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