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Ramiz is 32 years old and the father of two sons. He is an IDP (internally displaced person) and lives with his wife and children in the Bilasuvar IDP Settlement. He is a Fuzuli refugee. His wife stays at home.

A few years ago, Ramiz decided to open his own business, selling basic grocery items needed in his neighborhood. Today, he is a person who enjoys his neighbors' and his family's respect.

He has been in this business for eight years. He sells food products in his shop, such as macaroni, rice, candies, cookies, sugar and beverages. His wife helps him in this business. His monthly profit is 300 AZN. As this is the main source of income, his profit is used for family needs. The profit he earns is not enough to reinvest in his business in order to meet customer demand, so he is suffering for this reason.

Ramiz 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 buy and diversify foodstuffs to sell at his store. This will be his third loan, and he has a good credit history.

Additional Information

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 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Ramiz to buy more products for resale.
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 16, 2013
May 28, 2013
Currency Exchange Loss:
Jun 27, 2013