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Alladin A. is a 30 year old businessman who sells home improvement accessories such as paints, wallpaper and so on. He started this business two years ago. He is married and has two sons. The products he sells are in high demand among the locals and Alladin is a polite man, which makes his business very successful. Now Alladin would like to expand his business and, for this purpose, he has applied for a $3000 US loan. He will use the loan to increase his stock.

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
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    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 Alladin to purchase stock for a home improvements store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 18, 2009
Apr 10, 2009
Currency Exchange Loss:
Sep 15, 2010