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Chingiz
Chingiz is 35 years old. He is married with two children. Seven years ago Chingiz, with his mechanic's skills, started to do work for his neighbors and acquaintances. He learned this skill at another shop, until he had the opportunity to begin his own business. With all faith and enthusiasm, his auto mechanic business started to grow little by little.

Villagers who use trucks and tractors for their business always come to have their machines repaired by him. Now, Chingiz is finding that the tools and spare parts that he has are not enough to work at his job at full speed. For this reason, he is seeking a loan of 1000 AZN. This loan will be used to buy tools and spare parts used to repair autos. With this loan, Chingiz will be able to provide his children with better living conditions and improve the well-being of his family.

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
  • 45
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    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 Chingiz to purchase tools and spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2011
Listed
Jun 21, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012