For the last five years, Nahid has been a market vendor, selling different kinds of food products, like macaroni, sugar, tea, candies, and cookies. He is a trusted client of Aqroinvest Credit Union and started his business with our loan. He is a very successful market vendor and during these years of experience he was able to save enough money to build his own market and stop spending money to rent. In the picture, Nahid is next to his newly-bought place which he is renovating for a new shop.
Nahid's monthly income is AZN 350 and he believes that it will increase after he finishes the renovation. He applied for an AZN 1,500 loan for this purpose and he promises to pay back, as he did before. Aqroinvest Credit Union trusts Nahid because he always paid on time.
More information about this loan
This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.
About AqroinvestAqroinvest 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.
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