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Natiq
Natiq is a 33-year-old married person. Natiq is a hardworking and well known grocer. In his grocery store, he provides his neighborhood with canned foods, snacks, dairy products, juices, and drinks. He has long experience in this field and has gained his experience through working with his father ever since he was a young man.

He wants to solve some problems in his store and for that he needs a loan 900 AZN. He will use this loan to buy a new motor generator and to install some new shelves in his grocery store. Natiq believes that this loan will help him a lot in keeping his dairy products fresh and will satisfy his customers, thus he will gain a better reputation and grow bigger in the market.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,150 helped Natiq to install some new shelves in his grocery store.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Covered
Expired:
Jan 13, 2014