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Akif M. has always been a hardworking man who from a young age has made sure that his family never went without their daily bread. He is married with two children. Akif has a grocery store where he sells different kinds of food. His monthly income is about 300-500 AZN.

With a small amount of starting capital, Akif began this enterprise five years ago. Thanks to his perseverance and dedication, he has expanded his business, and today his whole family is engaged in the business.

Akif needs to expand his store and buy additional foodstuffs to increase the range of goods he has for sale. He is requesting a loan of 1000 AZN for this purpose. He is ready to work even harder, make sacrifices, and push every once in a while to achieve his goal and become a successful entrepreneur.

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 $1,250 helped Akif to increase the range of goods for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 20, 2010
Sep 26, 2010
Currency Exchange Loss:
Aug 15, 2011