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Asif
Asif is a 28-year-old man who is married with one child. He sells food products as macaroni, rice, candies, cookies, sugar, and beverages in his shop. He has three years of experience in this field, in which he is considered a knowledgeable and skilled person.

The food products he sells are very popular among people and are in high demand. His monthly profit from selling foods is 250 AZN. His wife helps him to sell products in the shop. He is a very successful entrepreneur because of a good location in the central bazaar of his home city.

Asif would like to increase his sales and invest additional capital. For this purpose he applied for 1,500 AZN. He will purchase and diversify additional foodstuffs. This will be his fifth loan and he has a positive credit history.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,057,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Asif to buy additional food products.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
Covered
Expired:
Mar 14, 2012