Natavan sells food products such as macaroni, rice, candies, cookies, sugar and beverages in her shop. She has fifteen years of experience in this field, which makes her a knowledgeable and skilled person. Her profession is accounting, which helps her to run this business effectively.
The food products she sells is very popular among people and is in high demand. Her monthly profit from selling food is 80 AZN. Her husband helps her to sell products in the shop. She is a very successful entrepreneur because of her good location, in the central bazaar of her home city.
Natavan would like to increase her sales and invest additional capital. For this purpose she has applied for a loan of 1,900 AZN. She will purchase and diversify into additional food stuffs with this loan.
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 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.
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