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Safar
Safar S. is a 43-year-old married father with two children. Safar has a small tea-shop where he provides clients with fresh and tasty tea. The tea ceremony is very important among Azerbaijani people and his place is quite popular in the region where he lives. He starts his working day at 11am and around 1pm people begin to come to his place which is usually open until 3-4am. When his place became popular enough he was able to dedicate his whole time to the business. Safar wants a loan to invest in tables, chairs and utensils. He is requesting $2000 so he can expand his business, earn more profit, and in turn help his children complete their school studies and further continue studying at the University. The well-being of this family is in your hands. Contribute to the growth of his business and they will be grateful!

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

  • $6,171
    Average annual income
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,045,550
    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 Safar to purchase tables, chairs, and utensils for his cafe.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 28, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010