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Habil
Habil is 39 years old and married with two sons. His wife is a housekeeper. He earns money by selling daily products (tea, sweets, sugar, water, lemonade, juice, salt, flour, etc.) in a small shop. He has been in this business for 19 years and has a monthly income of 300AZN. The food he sells is in high demand because people use the items every day for breakfast, lunch and dinner, as well as for preparing food for guests (delicious dishes and desserts). Unfortunately, Habil’s monthly income is not enough to cover his family’s needs and to bring up his sons. He is planning to order more products for his small market to increase income. Therefore, Habil applied for a 1000AZN loan in order to expand his business. He hopes that he will be able to provide his sons with a good education.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,045,550
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Habil to order more products to sell in his market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2014
Listed
Feb 5, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014