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Sakit
Sakit is 32-years-old, married with two children. He sells food products such as macaronis, rice, candies, cookies, sugar and beverages in his shop. Sakit has 6 years of experience in this field and he is considered to be 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 125 AZN. His wife helps him to sell products in shop. He is a very successful entrepreneur because of his good location in the central bazaar of his home city.

Sakit would like to increase his sales and invest additional capital. For this purpose he applied for a loan of 1000 AZN. He will purchase and diversify additional food products. This will be his 2nd loan and he has a positive credit history.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Sakit to invest more capital to buy more food products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Dec 25, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013