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Teymur, 33, owns a little grocery store in the local market where he sells a variety of goods. He works with his wife and they have 2 children to support. Teymur has asked for a loan of 1,500 AZN to purchase more grocery products in order to expand his options and increase his inventory. He believes that this will allow him to reach a wider customer base so he can increase his income to help provide for his family. This will be Teymur's second loan and he promises to repay it in a timely manner.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Teymur to purchase more merchandise to increase profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 28, 2011
Aug 25, 2011
Currency Exchange Loss:
Oct 15, 2012