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Imran
Imran is 47 years old, married, and he has a 4 children. His wife is a housewife. Imran is a popular merchant in his home town, because his shop is situated in the center of town. It is already 10 years he is selling food products. From this business his profit is about 150 AZN a month. He sells food products such as macaroni, rice, candies, cookies, sugar and beverages in his shop. His son also helps him in this business.

The profit he gains is not enough to reinvest into his business to cover his customers` demands, so he is suffering for this reason. His shop being the family's main source of income, his profit is used for their needs. Imran would like to increase his sales and invest additional capital. For this purpose he applied for 1,900 AZN. He will purchase additional food stuff and diversify. This will be his 4th loan and he has a good credit history.

Additional Information

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Imran to buy food products in order to expand his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jul 12, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015