Funded

Total loan: $2,000
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Valimammad

Azerbaijan
Agsu, Azerbaijan / Clothing Sales

A loan of $2,000 helped to purchase women seasonal clothes.


Valimammad's story

Valimammad M. is a 45-year-old man who sells women's clothes in the central bazaar in Qiyasli Village. He is married and the only breadwinner for his 8 children.

Valimammad started his business more than 20 years ago and he is very experienced in the last fashion novelties. That’s why the items he buys always sell out very quickly. Valimammad buys clothes from Baku, the capital of Azerbaijan. He goes there very often, because demand is high, but he does not have enough turnover capital to buy all of the clothes that he needs.

With the new loan, he plans to buy clothes once in a month and to purchase more at once, rather than spent a lot of effort, energy and money to make the trip three times each a month, as he usually does. He has applied for 1600 AZN to purchase women's clothes for the spring season and increase his turnover.



Loan details

Loan length:

17 months
Disbursed date: March 29, 2010
Facilitated by Field Partner: Aqroinvest Credit Union

Lenders and lending teams



Loan details

Loan length:

17 months
Disbursed date: March 29, 2010
Facilitated by Field Partner: Aqroinvest Credit Union