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Hasan
Hasan is 23 years of age and a young, married person. Hasan is an IDP (Internally Displaced Person) and lives with his family in the Bilasuvar IDP Settlement. He earns a living by running a small café in his city. He has dedicated his life to this business for more than 2 years.

Usually his clients are workers from the construction companies in his town. Every morning he goes to the market to buy products for his employees to use to prepare meals to sell. Hasan's café is open from 8 a.m. to 12 p.m. He is satisfied with his business, and his profits come to 150 AZN a month. In this business, his brothers are also helping him. He is requesting a loan for 1,800 AZN to repair his café and buy new furniture. He thanks Kiva lenders for their support.

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
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Hasan to repair his café and buy new furniture.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Covered