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Qadiraga
Qadiraga, 52, has two sons and one daughter. With his son’s help, he sells food products at the bazaar from Sunday to Monday. This is the only source of income for his family. The monthly profit from this business is 180 Azerbaijani Manat (AZN). This profit is used for his family’s needs.

There is insufficient profit to reinvest in the business and cover customer demand. Qadiraga is suffering for this reason. He would like to invest additional capital in the business and increase his sales.

For this purpose, he has applied for a loan of 2,000 AZN to 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Qadiraga to purchase and diversify foodstuffs to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014