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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 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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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