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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.

About Azerbaijan

  • $10,800
    Average annual income
  • 41
    View loans »
    Azerbaijan Loans Fundraising
  • $14,668,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Rovshan to increase the variety of goods in his inventory.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 1, 2007
Sep 17, 2007
Currency Exchange Loss:
Nov 19, 2008