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Alizamin
Alizamin 44 years old, married, and has three children. His wife is a homemaker. Alizamin is a popular merchant in his home town, because his shop is located in the center. It is already 10 years that he has been selling food products. From this business his profit is 400 AZN monthly. He sells food products such as macaroni, rice, candies, cookies, sugar and beverages in his shop. His son also helps him in this business.

The profit he earns is not enough to reinvest in his business and to cover customers` demand, so he is suffering for this reason. Being the main source of income, his profit is used for family needs. Alizamin would like to increase his sales and invest additional capital in the business. For this purpose, he applied for a 2,000 AZN loan. He will purchase and diversify foodstuffs to sell at his store. This will be his fourth loan, and he has a good credit 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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Alizamin to increase his sales and invest additional capital, by diversifying the foodstuffs he offers.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014