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Matlab S. is 54 years old and lives with his wife and four children, to whom he is a devoted father. He makes the most of every opportunity, such as when he started selling foodstuffs in the food market. He gives his business constant attention all day long, everyday, and in this way he has attracted customers. His income enables him to contribute to the home finances.

In addition he also works as veterinarian. He is motivated in his work by the need to support the family finances and take care of his children's education in school. Matlab is requesting a loan which he will invest in merchandise for his shop. He wishes to stock it with more products and offer the best products every day.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 75
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    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 Matlab purchase merchandise for his shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 28, 2009
Sep 1, 2009
Currency Exchange Loss:
Sep 15, 2010