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Hamayil
Hamayil is 52 years old, married and lives in her own home with her husband and children. For the past 12 years she has run a furniture store located near the center of the city in a very busy area, and she has many customers. She supplies furniture from local fabricators, then sells it in her furniture store. Her monthly income is 215 AZN (Azerbaijani new manat).

The furniture in the store has old designs and because of this, the sales are not profitable. Demand from people for new designs of furniture is very high. She needs to supply new kinds and designs of furniture from another city. For this reason, she needs a loan 1,200 AZN in order to organize and supply new furniture from another city. This will increase her sales income and help her to cover family demand.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,550 helped Hamayil to organize and supply new furniture from another city.
58% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible