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Vugar M. is a 49-year-old man who runs his own store where he sells women’s and men’s clothes and cosmetics. He has eight years of experience in this field. This shop is the only source of income for Vugar`s family. He has three children.

As Vugar’s shop one of the best in the area where he lives, demand for the products he sells is very high. Now he would like to expand his business and purchase more seasonal clothes and some perfumes to increase his profit. For this purpose he applied for 1,600 AZN.

Vugar promises to pay back his loan on time and appreciates everyone who can help him to obtain this loan.

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
  • $13,991,525
    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 Vugar to purchase seasonal clothes and some perfumes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 29, 2010
Mar 1, 2010
Currency Exchange Loss:
Nov 19, 2010