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Jamil A. is a young guy who likes to make his own way. He has run a clothing business for more than 2 years, which is how Jamil supports his family. Little by little and with hard work, his business has expanded. Still, Jamil wants his business to grow even more.

For this reason, he is requesting a loan of 1,500 AZN which he will spend to buy more merchandise. This way he will have new products to offer to his customers. He already has one loan from AqroInvest which was successfully completed and Jamil is recommended as a trustworthy client.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 85
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Jamil purchase more inventory for the store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 15, 2010
Aug 16, 2010
Currency Exchange Loss:
Dec 27, 2010