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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 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.

About Azerbaijan

  • $6,171
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    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