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Taryel
Taryel is 26; he has not gotten a higher education, but he is a very talented man. Taryel's parents are not working because both of them are ill. He is a market vendor and sells seasonal fruits and vegetables in his place in a central bazaar, and from his home. He has one year of experience in this field. He knows customers' needs, and he has reliable providers.

He chose this business because it is profitable and brings a stable income. People use fresh vegetables everyday 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 also used to make fresh punch. His monthly income is 120 AZN.

Now Taryel wants to repair his market, but he doesn't have enough funds for that, so he needs a loan of 1,000 AZN.

This is the first loan he is receiving through Aqroinvest . He hadn't gotten other loans from state banks before.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Taryel to repair his market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014