He is a market vendor and sells seasonal fruits from his place in a central bazaar and also from his home. Shucaat has 10 years of experience in this field. He knows customers' needs and he has reliable providers.
He chose this business because it is profitable and brings stable income. People use fresh vegetables every day and consider them healthy, and many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served on every table of Azerbaijan's families and the fruits also make fresh punch. His monthly income is approximately 120 AZN.
Shucaat applied for a 1,000 AZN loan to purchase more fruits and vegetables and thus increase his monthly turnover. This will be his 1st loan and he has a good client 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.
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Success!! The loan was 100% repaid