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Sahib
Sahib is 56 years old. He is married with four sons. He sells food products such as macaronis, butter, cookies, sugar, tea, candies and beverages in his shop. Sahib has about 20 years of experience in this field. He is a knowledgeable and skilled person.

The food product he sells are very popular among people and are in high demand. His monthly profit from selling foods is 100 AZN. He is a very successful entrepreneur because of his store's good location in the central bazaar of his home city.

The profit he gains is not enough to reinvest in the business and the business is suffering for this reason. Being the main source of income, his profit is used for family needs. Sahib would like to increase his sales and invest additional capital. For this purpose he applied for 2000 AZN. He will purchase and diversify additional food stuff.

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
  • 38
    View loans »
    Azerbaijan Loans Fundraising
  • $13,960,650
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Sahib to buy more food products for his store.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 5, 2012
Currency Exchange Loss:
Covered
Expired:
Jan 4, 2013