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Natiq
Natiq is 47 years old and married with two sons. He is a foreman, but his primary business is serving people lunch and dinner in his café. He has four years of experience. He decided to start his own business several years ago because his income as a foreman was not stable and very low.

People in Azerbaijan like to have lunch in national-style cafes, as well as spend time with friends in the evening drinking tea with homemade jam. Natiq`s place doesn’t look very attractive, but his food is delicious and that’s why his café is full of people.

His monthly income is 300 AZN and he would like to increase it. For this purpose he applied for a loan of 1,200 AZN. He will use this loan to renovate his café. This will be his second loan and he has a good client 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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,550 helped Natiq to renovate his cafe.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2012
Listed
May 14, 2012
Currency Exchange Loss:
Covered
Expired:
Jun 13, 2012