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Fikrat A. is a dedicated entrepreneur. He is 58 years old, married, and has 3 children. Five years ago he started a small business selling groceries. Fikrat sells different kinds of goods such as beverages, sugar and cookies, as well as home products such as washing powder, soap, etc. He is very friendly and always offers some discounts for his customers.

Fikrat has requested a loan to open a new shop location and purchase more grocery items to sell. He would like to continue expanding his business so that he can increase his income. Fikrat’s goal is to earn enough income to make a small renovation to his old house.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Fikrat open a new shop and purchase more inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 11, 2011
May 18, 2011
Currency Exchange Loss:
Aug 15, 2012