Mehrali is a merchant; he is selling mixed goods such as toys, household goods, perfumes and jewelry. He has two years experience in this business.
As you can see from the photo, there are very few goods in his store because he does not have enough funds to buy goods. Even though it’s a small business, he has a lot of customers. Considering the customers’ demand, Mehrali wants to expand his business. For this reason he is applying for a loan of 1,800 AZN to buy new perfumes, toys and household goods for his store. He is very optimistic about this business and he awaits your support.
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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This loan has been fully funded!