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Orxan
Orxan is 27 years old. He is not married and lives in his own house with his parents. He operates a store where he sells food products, including cakes, rice, and sugar. His store is run out of his house, which is on a corner with a lot of traffic. He kindly tends to his customers.

Orxan has been in this business for five years. He started the business with his own capital due to the need to have an occupation and support his life partner with the household expenses. After seeing the profits that his sales generated, he decided to continue his business. Also, the business makes him feel like a productive and independent person. He wants to see his business grow and wants to improve his parent's well-being.

Orxan is requesting 1900 Azn to buy food products, such as cakes, rice, sugar and vegetables for his store. He is grateful for the opportunity to access a loan, which will allow him to continue meeting his goals. He pledges to be a punctual and very responsible client. 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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,425 helped Orxan to buy food products.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 4, 2013
Currency Exchange Loss:
Covered
Expired:
Nov 3, 2013