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Yusif
Yusif N. is a 53-year-old man who lives in a small village in the Imishli region. His main activity is selling fruit and vegetables and he has ten years of experience in this field. He is otherwise unemployed and this is his single source of income.



Yusif is married and has 4 children, two daughters and two sons. It is very hard to keep so large a family under normal conditions. He pays a very high rent on the place he sells out of and his earning per day amount to about 20 USD which is very low. He pays more than 50% of his earnings for rent. He has applied for a loan in the amount of 1200 USD to purchase more goods to sell and build his own shop where he can make more income without paying high rent. Yusif is a repeat client for AqroInvest as he successfully repaid his first loan.

Additional Information

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.

About Azerbaijan

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Yusif to expand his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 9, 2008
Listed
Sep 25, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010