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Babaseyid S. is a young man of 55. Little by little, he reaches his goals through perseverance and dedication. Thanks to his personal strength and desire to provide a better future for his family, he has progressed from being a salesman to being his own boss. Approximately 15 years ago, Babaseyid rented a place which had deteriorated badly, with terrible conditions, and it was there he started his business. Since then, he has expanded his grocery and now it is one of the best known groceries in his community.

Babaseyid is now requesting a loan of $2,000 USD to increase the stock of foodstuffs in his store. Babaseyid is ready to work even harder, make sacrifices, and push to achieve his goal of becoming a successful entrepreneur. We believe his perseverance and clear vision will be key success factors in his small business.

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
  • 20
    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 $2,000 helped Babaseyid purchase more food products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 25, 2009
Jul 10, 2009
Currency Exchange Loss:
Sep 15, 2010