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Teymur is forty-seven years old and married with two children. He sells food products such as macaroni, butter, cookies, sugar, fruit and vegetables and beverages in his shop. Teymur has four years of experience in this field, which makes him a knowledgeable and skilled person in his business.

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

The profit he gains is not enough to reinvest into his business and his ability to meet his customers' demand is suffering for this reason. Being his only source of income, his profit is used for his family needs. Teymur would like to increase his sales and invest additional capital into his business. For this purpose he has applied for a loan of 1500 AZN. He will purchase and diversify additional food stuff with his loan. Teymur has already demonstrated that he is a good client with 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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Teymur to buy more food products to sell in his shop.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 30, 2012
Mar 3, 2012
Currency Exchange Loss:
Apr 2, 2012