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İslam
İslam K. is 40 years old and is married with three children. He has operated a car-washing facility for the last seven years. He has come up the very hard way to become successful in his business. Now he is the owner and at the same time he is the operator.

İslam would like to expand his business by purchasing another pressure-washer and hiring a person to help him. For this reason he has applied for a 2,000 USD loan. We wish him good luck!

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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 İslam to purchase a new pressure-washer.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 28, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 2, 2010