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Ilqar I. is a lively entrepreneur with a small business selling clothes for women in the bazaar of Agsu city. He is an experienced entrepreneur having been self-employed for the past ten years. Business has been good for Ilqar. There is always demand for clothing and women of Azerbaijan are coming to Ilqar`s shop to purchase something new for wedding parties.

Ilqar is married and has two children. He is doing his best to ensure that his children have a bright future.

Ilqar has requested a loan of 1607 AZN to increase his available working capital. This loan will help him purchase new inventory and continue to invest in his business. Eventually, Ilqar hopes to have his own small store.

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
  • 29
    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 Ilqar to purchase seasonal women's clothes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 30, 2009
Oct 5, 2009
Currency Exchange Loss:
Dec 2, 2010