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Ramil
Ramil is 35 years old and married with two sons. He is an IDP person, living with his family in the Sabirabad region.

Ramil started a business selling food products in 2006. He is a small-business entrepreneur who sells different kinds of foods as well as detergents, like soap, shampoo, toothpaste, shaving cream, and washing powder, as well as many other foodstuffs in his store.

Ramil is not alone in this business. His wife actively helps him with sales. His monthly profit isAZN 200, and he is on the way to increasing it. His business is very successful because of a good location in the central Sabirabad bazaar.

Today, Ramil is requesting a loan of AZN 1,000 to increase his stock. He is ready to work even harder, make sacrifices, and push to achieve his goal and become a successful entrepreneur.

Ramil has already demonstrated himself as a good client with a positive credit history.

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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    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 Ramil to increase his stock of grocery products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2013
Listed
Nov 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014