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Sadiq
Sadiq is a 27-year-old, single man.



To earn a living, he sells fruits such as pears, oranges, apples, pomegranates, and bananas. With the help of AqroInvest CU, Sadiq was able to start his own business when he was unemployed and experiencing difficult living conditions. He has one year of experience in this field.



He explains that fruits are very popular among Azerbaijan people and in high demand during this time of year. People like to eat fresh fruits, and fruits are one of the main dessert options for guests. His shop is located in the center bazaar, so people constantly pass by his shop and stop to buy fresh fruit. His monthly income from this business is approximately 250 AZN. Sadiq's father helps sell the fruit.



Sadiq now wants to expand his business. The amount of products he sells is not enough to cover the high demand. As a result, he would like to purchase more fruits and vegetables and increase his turnover, which would in turn improve his family's living conditions. For this purpose he applied for a loan in the amount of 1,500 AZN. This would be his second loan, and he explains that he has a good record of repaying loans.

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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Sadiq to increase his stock by purchasing additional fruits and vegetables.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Apr 5, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013