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Zefer Q. is 28-year-old retailer who runs a small cosmetics and perfume store in Qizilkend village near Imishli town, which is situated in the southern part of Azerbaijan. Zefer opened his store in 2003, when he was only 24. He recently got married and has 1 child. Summer temperatures in Imishli reach a sweltering 50C so people do not stay long when they come into the store.

Zefer has applied for a loan of US$1200 to purchase and install a new air conditioner and give his customers a chance to enjoy a cool comfortable search for the items they want to purchase. Zefer notes, "Most of the customers who come into my store are women. They like to spend a lot of time searching for cosmetics or perfume and I want to create a comfortable place for them, even in sumertime."

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Zefer purchase air conditioner for his shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 18, 2007
Aug 28, 2007
Currency Exchange Loss:
Jan 15, 2009