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Teymur R. is a 31-year-old trader who keeps his own store in which he sells candies, chocolate, cookies, rice, beverages and other foodstuffs.

Teymur gained experience by working in his father`s shop for many years before opening his own shop. Teymur started his business in 2008. This is his only source of income, as he is unemployed.

He has applied for a loan in order to expand his stock of merchandise and thereby increase his income.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,936,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Teymur to purchase more items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2010
Dec 1, 2010
Currency Exchange Loss:
Mar 19, 2011