Check out some available loans that are similar to this one!
Sadiq
Sadiq is 23 years old, single and works hard to earn an income by selling groceries. He is well-known in his neighborhood, where he provides people with canned foods, snacks, dairy products, juices, and drinks. He has two years of experience in this field and gained it by working with his father ever since he was a 17. Sadiq wants to improve his store, and to do that he needs a loan 600 AZN. He will use this loan to buy a new generator and install some new shelves. He believes that this loan will help him keep his dairy products fresh and better satisfy his customers. This will allow him to improve his reputation and expand his store.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Sadiq to buy a new generator.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 9, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014