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Asif
Asif A. 42, owns a little grocery store in the local market where he sells a variety of goods. Asif and his wife have one daughter to support. His monthly income is 250-350 AZN. Asif has asked for a loan of 900 AZN to purchase more grocery products to expand his options and increase his inventory. He believes that this will allow him to reach a wider customer base so he can increase his income to provide for his family. Asif looks forward to seeing the results of this investment and wishes one day to build another food shop.

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

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Asif increase stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011