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Orxan
Orxan is a young 22-year-old client. He is living with his parents in his town. He sells food products like cakes, rice and sugar, among others. His store is set up in his house, which is on a corner with a lot of traffic. That is where he very kindly tends to his customers.

He has had this business for 2 years. Upon seeing the good results that his sales generated for him, he decided to continue. He started in this field due to the need to have an occupation and to support his life partner with the household expenses. Also, he feels like a productive and independent person. He wishes to see his business grow, and he wishes to see that reflected in his family’s well-being.

Orxan is now requesting 1,800 AZN. He is grateful for the opportunity provided to him in accessing the loan, which he needs to continue meeting his goals. He pledges to be a punctual and very responsible client. He will use the requested loan to buy food products like cakes, rice, sugar and vegetables for his store. He has a good loan history. This is his third loan.

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
  • 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 $2,300 helped Orxan to buy food products to sell.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 21, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 21, 2013