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Anvar M. has a successful business selling home products in his own shop at a market. He started his business about five years ago, after evaluating different business possibilities and deciding this would be the best option and something he would enjoy. He is an internally displaced person who suffered from the Armenian-Azerbaijan war. In 1992, he lost his house and started a new life with a lot of difficulties in the city where he lives now.
Anvar purchases his products at very low prices and is then able to resell them for a profit. Because he sells in bulk amounts, he deals with a high inventory turnover rate. Anvar rents a very good location at the market for his business and he has a small amount of competition.

He has requested a loan of 2000 USD to increase his business capital. This loan will give him the ability to purchase more products to sell, enabling him to increase his profit and continue operating a profitable 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
  • 38
    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 $2,000 helped Anvar to purchase more items to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 28, 2009
Aug 12, 2009
Currency Exchange Loss:
Sep 15, 2010