Funded

Total loan: $700
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Elghun

Azerbaijan
Saatli town, Azerbaijan / Food Market

A loan of $700 helped to increase variety of goods.


Elghun's story

Mr. Elghun is a low income vulnerable person. He is 24 and lives in the village of Saatli city, which is situated in the south-central area of the Azerbaijan Republic in the Caucasus region.

Elghun rents a small shop in the local bazaar of Saatli town and sells food. The business is very successful and needs some investment to increase the daily sales, but Elghun has no collateral to apply to the commercial banks.

That's why he applied to Normicro Saatli branch for a $700 loan. This credit could let him buy and sell more goods and better provide the necessities of life for his parents.


Loan details

Loan length:

15 months
Disbursed date: November 12, 2007
Facilitated by Field Partner: Norwegian Microcredit LLC (Normicro)

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: November 12, 2007
Facilitated by Field Partner: Norwegian Microcredit LLC (Normicro)