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Mehman
Mehman is 57 years of age and married. He and his wife are raising four children.

Mehman's economic activity is his grocery store near his house, where he sells different kinds of food. His project is going well, but it needs financial support for further developing.

Now, Mehman is requesting a loan of AZN1,500 to add to the stock of merchandise in his store. With the received amount, he will buy items such as rice, dairy products, snacks, and other products. He will enlarge his store and attract more customers.

Mehman plans to increase his turnover gradually and invest the profits in the same business.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Mehman to buy more products such as rice, dairy products, and snacks.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 7, 2013
Currency Exchange Loss:
Covered
Expired:
Feb 5, 2014