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Oqtay Q. is a 56-year-old man living in Sabirabad. He is married and has three sons aged 23, 22 and 19. Oqtay owns and runs an electrical goods and destined-for-dowry (housewares) store. He mainly sells to the local community.

Oqtay has been in the trading business for over ten years and earns approximately 500 AZN per month. He successfully repaid a prior loan taken out from AqroInvest. Oqtay is a hard-working man and wants to expand his business and earn more income. For this reason, he requested a new loan of 1,600 AZN from AqroInvest and Kiva. He used this loan to diversify his inventory and enlarge his store. Oqtay plans to use all of his profits to improve and expand his business.

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
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Oqtay to diversify his inventory and enlarge his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 31, 2011
Feb 13, 2011
Currency Exchange Loss:
Feb 15, 2012