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Shamaddin
Shamaddin A. is 52 and has sold men clothing for the last four years. He is married and has two sons. He works in the Agsu region and buys clothes in Baku city, two hours away. He was able to increase his income owing to a KIVA loan which he has already successfully repaid. Now he has applied for 1000 AZN to purchase new seasonal clothes to increase his profit.

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 $1,275 helped Shamaddin purchase new seasonal clothes to increase profit.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2010
Listed
Nov 8, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011