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Imamaddin
Imamaddin is 38 years old, married and the father of three children. Since ten years ago, Imamaddin has been running a store. He usually sells daily products in the store. There is tea, sugar, rice, candy, sauces, beans and other food items in his store. His wife is a housekeeper, but sometimes helps him to sell foods.

Imamaddin’s store is in the central market of Imisli. There are daily customers who come to purchase the items they need. His monthly income from the business is 250 AZN. He uses the money he gets from the store to take care of his children and also supports his relatives financially. He is person who always works hard in order to achieve more.

Imamaddin has taken a loan before Aqroinvest once. He has applied for a fifth loan of 1,300 AZN. With this money, he plans to purchase more food products.

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,675 helped Imamaddin to purchase more food products.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Covered
Expired:
Jul 1, 2013