Funded

Total loan: $500
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Rovshan

Azerbaijan
Saatli town, Azerbaijan / Food Market

A loan of $500 helped to increase the variety of goods in his inventory.


Rovshan's story

Mr. Rovshan is a low-income, vulnerable person. He is 26 and lives in Saatli in the south-central plains area of the Azerbaijan Republic in the Caucasus region. Rovshan rents a small shop in the local bazaar of Saatli and sells food. The business is very successful but needs some investment of capital to increase its daily turnover.

Rovshan has no collateral that would allow him to apply to commerial banks. That's why he has applied to Normicro's Saatli branch for a US$ 500 loan. This loan will allow him to buy bigger amounts of goods for resale and to better provide the necessities of life for his children.


Loan details

Loan length:

15 months
Disbursed date: October 1, 2007
Facilitated by Field Partner: Norwegian Microcredit LLC (Normicro)

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: October 1, 2007
Facilitated by Field Partner: Norwegian Microcredit LLC (Normicro)