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Agasemed S. is av 33-year-old trader who sells phone accessories in the small village of Imishli. He started his business 10 years ago when he got married. When he first started this business, he was renting the store, but now he owns his store, which he purchased two years ago.

Agasemed is married and has two children. He is trying to improve his business so that he can provide the best possible education and life conditions for his children.

Agasemed is applying for a $3000 USD loan to purchase phones and start selling them in his store. This business has become is very profitable in the last two years and phones are in high demand among local people. We wish him all the best!

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Agasemed to purchase phones for sale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 18, 2009
Apr 9, 2009
Currency Exchange Loss:
Sep 15, 2010