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Javid
Javid owns a small kiosk and sells magazines, newspapers and office supplies in Sabirabad city. He started this business 5 years ago. The goods he sells are in high demand and his business is going well. He is married and has 2 adorable children who are going to school. Javid is a hard-working person and he would like to develop his business even more. His spouse is a housewife and sometimes helps Javid with his business.

This kiosk is the only source of income in his family. Javid would like to get a loan of 1,000 AZN to increase his inventory. He hopes that this loan will be next step in his business growth. Javid 's goal is to have a stable source of income for his family.

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
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    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 Javid to purchase more items to sell and increase his profit.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2011
Listed
Jun 13, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012