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Malik
Malik has always been a hardworking man, who has made sure, from a young age, that his family never goes without their daily bread. He is married with two children. He has a grocery store where he sells different kinds of foodstuffs such as sweets, soft drinks, juices, and other items.

With a starting capital of 200 AZN, he began this enterprise 2 years ago in order to support his children and parents. Today, he needs to buy additional foodstuffs to increase the range of goods he sells. With this purpose in mind, he is requesting a loan of 1,000 AZN. He is ready to work even harder, make sacrifices and push every once and awhile to achieve his goal and become a successful entrepreneur.

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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,129,025
    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 Malik purchase more merchandise for his grocery store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2011
Listed
Jun 16, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012