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Ilqar N. is a 49 year old entrepreneur who sells different kinds of foodstuffs such as eggs, butter, beverages, candies etc. He has run this business for more than 20 years. Ilqar also works as administrator in the local restaurant. He is not alone in his business as his wife replaces him while he is at his second job. Ilqar has three children. He would like to enlarge the range of products he sells and for this purpose he applied for a 1500 USD loan.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,941,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ilqar to increase the number of food products he sells.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 18, 2009
May 1, 2009
Currency Exchange Loss:
Sep 15, 2010