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Nariman R. is a 33-year-old single man. He lives in the southern Azerbaijani town of Imishli. He has seven years of experience; when he started selling goods in his store he was only 26. In the beginning, he sold only biscuits and candies. As soon as he found success, he borrowed $2,300 and purchased goods such as sugar, flour, salt, rice and other goods. Nariman is applying for a $1,200 loan to purchase more beverages and begin selling them, because they are in high demand.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nariman to add beverages to his inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 17, 2007
Aug 28, 2007
Currency Exchange Loss:
Jan 15, 2009