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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 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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