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Ceyhun
Ceyhun is a 30-year-old young client who has been selling food products for past seven years without any difficulties. Ceyhun lives with his parents and he is going to marry. He works the whole day, from Monday to Sunday, because he is the only person in his family who is working, and from his business, he makes a profit of 170 AZN a month.

He is a kind and hard-working man. But he has too many problems, such as expanding his business to buy more products, repairing his home and other things.

His first goal is to buy products. For this, he needs a loan of 2,000 AZN. With this loan, he hopes to meet the needs of his family.

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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Ceyhun to buy more products.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
Covered
Expired:
Aug 1, 2013