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Mazakhir K. is 51 years old man who is an independent businessman who is engaged in various activities. In 2004 he started a small retail business along with construction materials sales and now he has his own shop where he sells electronic goods.

He is married and has two sons who actively help him in his business. From the first loan he was able to generate enough income to open his own shop. Now he has two businesses: construction materials sales and electrical goods sale. The shops brings him stable income and he is going to enlarge it. Now Mazakhir has applied for 1,000 AZN to increase the inventory.

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 Mazakhir to increase the amount of merchandise to increase profit.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 29, 2010
Nov 19, 2010
Currency Exchange Loss:
Nov 15, 2011