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Matlab N. is a very hard-working and responsible entrepreneur. He and his family live in the small village of Agsu.

Matlab works in the central city market selling shoes and clothing for men. His business is characterized by stability and consistent growth. He has been working in the market for 19 years. Once a month he travels to the neighboring city for purchasing new goods. Matlab likes to work for himself. His business has been the main source of income for his whole family.

Today Matlab would like to ask for a loan of 1600 AZN to purchase new clothing and shoes to sell. We believe his drive for success will help this young entrepreneur succeed and thrive in business. You can be an important part of the growth of Matlab’s business.

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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Matlab purchase seasonal shoes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 28, 2010
Apr 1, 2010
Currency Exchange Loss:
Nov 19, 2010