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Murad
Murad is a 33-year-old married man. He is a market vendor and sells different kind of goods including macaroni, butter, and candies. He has 8 years of experience and has extensive knowledge of the market and the demands of his clients.

Murad sells food products that are very popular and are in high demand. His monthly profit selling foods is 200 AZN. His brother helps him to purchase products and bring them to the shop. This is the sole financial income for his family. He is a very successful entrepreneur because of the good business location which is in the central bazaar of his home city.

He applied for a loan of 1,500 AZN to purchase more food products and diversify the range of goods to cover his customers` demands.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Murad to purchase more food products.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 8, 2013
Currency Exchange Loss:
Covered
Expired:
Feb 6, 2014