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Abuzar
Abuzar is 35 years of age, married, and is raising two children with his wife. Two years ago, he decided to open a business so that he could support his family, which is comprised of his wife and two children. He works together with his two assistants in a small cafeteria, which he built through hard work and sacrifice. His business is well-known due to its strategic location and good service.

Abuzar's biggest dream is to expand his business so that he can service more customers. Therefore, he has applied for a loan of 2,000 Azerbaijan New Manats (AZN) to remodel and buy inventory. He hopes to send his children to college.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,953,050
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,575 helped Abuzar to remodel and buy inventory.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Covered
Expired:
Jan 13, 2014