Funded

Total loan: $825
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Cahangir

Azerbaijan
Sumgayit city, Azerbaijan / Food Production/Sales

A loan of $825 helped to open a large vegetable section of his counter and to improve the living conditions of his family.


Cahangir's story

C. Cahangir was born in the Gubadli region, situated in the West of Azarbaijan. He is 54 years old and the father of five children. Right now he lives with his family in Sumgayit city, situated in the east of Azerbaijan. He is homeless and staying in a worker’s hostel in Sumgayit city. Cahangir opened his business 1998. He started selling a variety of vegetables in front of his hostel. With this small business and only $200 in working capital, he could hardly earn enough money to meet family’s food and important consumption needs. In 2004 Cahangir borrowed $300 from Normicro, expanded his business and bought necessary fruits. Next time he borrowed $600 and increased his business. Now, he wants to borrow an $800 loan to open a larger vegetable section of his business and he hopes to further improve the living conditions of his family.


Loan details

Loan length:

18 months
Disbursed date: November 24, 2007
Facilitated by Field Partner: Norwegian Microcredit LLC (Normicro)

Lenders and lending teams



Loan details

Loan length:

18 months
Disbursed date: November 24, 2007
Facilitated by Field Partner: Norwegian Microcredit LLC (Normicro)