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Muruvvat E. is 55 years old and married with 2 children. He opened his grocery 20 years ago. Muruvvat provides his neighbors and occasional clients with products like bread, rice, sugar, meat, milk, and other items. His wife actively helps Muruvvat run his business. Muruvvat is also working as a tea-room worker and in the evenings his wife works instead of him. With the help of his wife he has been able to move forward with the business.

Muruvvat wants this loan to purchase more merchandise, such as tinned products, sweets, drinks, etc. He and his family appreciate your support in helping him improve his business.

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
  • 31
    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 Muruvvat to purchase more merchandise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 29, 2009
Dec 1, 2009
Currency Exchange Loss:
Apr 30, 2011