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Qalib
Qalib is a 29-year-old man and is married with three children. He sells food products such as macaroni, rice, candies, cookies, sugar and beverages in his shop. Qalib has 4 years of experience in this field and is considered as 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 120 AZN. His wife helps him to sell products in the shop. He is a very successful entrepreneur because of a good location in the central bazaar.

Qalib would like to increase his sales and invest additional capital. For this purpose, he applied for 1,500 AZN. He will purchase additional foodstuffs and diversify.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    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 Qalib to buy more diverse additional food products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014