He is a market vendor and sells different types of food items. The most popular items he sells include candies, sausages, macaroni, tinned food, and juices. Tural has three years of experience selling food items, and during this time he has acquired the necessary skills to be successful. His monthly income is AZN 200. His brother helps him to sell in the shop.
Tural would like to diversify his product offerings and purchase more merchandise. This will help him increase sales and improve his family’s living conditions. In order to do this, he needs additional capital, so he has applied for a loan of AZN 1,800.
This will be Tural's fourth loan, and he has perfect credit history.
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 AqroinvestAqroinvest 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.
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