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Hafiz
Hafiz A., 55 years old and married with four children, sells flour wholesale as well as retail. In this business for more than 20 years, Hafiz is able to support his family from the generated income. Today he is requesting a loan of 1600 AZN to purchase more flour to enlarge his range of goods. Hafiz thanks everybody for their support and promises to repay the loan on time.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    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 Hafiz to purchase more goods to increase profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 29, 2010
Listed
Mar 1, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 16, 2010