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Akif
Akif F. is a married 52-year-old man who lives in Saatli region with his family. He has two sons and two daughters.

Akif started his own foodstuffs store in 2004. It is the main source of income for his family. This is his first loan from Aqroinvest and KIVA. He used this loan of 1000 AZN to stock the shelves of his store.

He is grateful for the support provided to him because it allows him to grow his business. After Akif repays this loan he plans to take out another loan to expand his store to sell a wider variety of products.

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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    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 Akif to buy inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011