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Babek

Babek A. is a young and energetic man of 23. He is single and lives with his parents who are on pension now. Babek has been running a store for the last two years, which is the main source of income for the family. He sells different kind of goods such as tooth paste, soup, cosmetics, deodorants, and other items.



Babek finished his studies at the university, but he could not find a job appropriate to his profession. His father gave him a small amount of money to start his own business. Babek took the opportunity to start selling products in high demand among the local people. Now he has about 2000 USD of stock in his store. Babek wants to start his own family this year, so he needs to increase his income. Babek has applied for a 1200 USD loan for the term of 14 months. He appreciates your help.

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
  • 16
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    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 Babek purchase different types of products for his store.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 26, 2009
Listed
Feb 19, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 1, 2010