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Shahbaz S. is a young entrepreneur. Seven years ago, he started his own business selling food and home supplies as a way to support his wife and son. With hard work and a lot of effort, he has succeeded in expanding his business. This is also thanks to daily improvement in the quality of the service and products that he offers his clients.

Shahbaz's son is his motivation for continuing to improve and expand his business. To meet the current demand of his clients, Shahbaz is requesting a loan of 1606 AZN. With your help, Shahbaz will improve the quality of the service he offers his clients and will continue to expand his business. He appreciates the opportunity that your support offers him.

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
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Shahbaz to purchase more merchandise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 29, 2009
Nov 10, 2009
Currency Exchange Loss:
Apr 30, 2011