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Safar H. is a 33-year-old trader. He is married with two small children. He is a entrepreneur who sells various kinds of foodstuff, such as cookies, candies, soft drinks, juices, macaroni, and detergents, in his grocery store, which he built eight years ago. Currently Safar has about 500 AZN in inventory. His monthly net profit is about 300 AZN.

Now he needs a loan of 2,000 AZN in order to increase his stock of goods. He promises to repay the loan within the expected term and expresses his gratitude to everyone supporting him.

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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,525 helped Safar to purchase more items to increase monthly income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 28, 2011
Apr 21, 2011
Currency Exchange Loss:
Apr 15, 2012