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Sadiq
Sadiq is 34 years old and a married man with 2 children. Seven years ago, he opened a food store in his home because he needed to take care of his children. That is how he started his business. Currently, he enjoys running the business because he likes interacting with his customers. Sadiq also bought a refrigerator to begin selling cold drinks, such as soda pop, which are in high demand because he lives in a tropical zone. Every morning he opens his business very early and offers his customers products such as rice, sugar, cereal, canned goods, and noodles.

One of Sadiq's principal long-term goals is to improve his dwelling and build it with bricks and cement in order to improve his store. He will use the loan of 1800 Azerbaijani manats (AZN) to purchase merchandise for his business, such as rice, sugar, cereals, soft drinks, and candy. This is his sixth loan with Kiva, and he is committed to making his payments responsibly.

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
Expired
A loan of $2,300 helped Sadiq to buy more merchandise for his business, such as rice, sugar, cereals, soft drinks, and candy.
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