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Mahir
Mahir is a 55 year old married man with 2 kids. He is a market vendor and sells seasonal fruits and vegetables in his place at a central bazaar and from his home. Mahir has 10 years of experience in this field. He knows customers' needs and he has reliable suppliers.

He chose this business because it is profitable and brings stable income. People use fresh vegetables everyday and consider them healthy. Many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served on every table of Azerbaijan's families and are also used to make fresh punch. His monthly income is 100 AZN.

He applied for an 1,800 AZN loan to purchase more fruits and vegetables and increase his monthly turnover. This will be his 6th loan and he has a good client 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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Mahir to purchase more fruits and vegetables and increase his monthly turnover.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 21, 2013
Currency Exchange Loss:
Covered