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Akif is married and has 3 children. He lives in the small village of Agsu. Akif sells groceries from his store which is well known for good prices that are lower than market prices. Akif knows his customers’ preferences and always offers them only good quality groceries. He has been in the grocery trade for about 4 years and his business has been marked with consistent stability. This will be Akif's 4th loan and he has a good credit history.

Akif is hoping to invest his loan of 1,800 AZN in additional merchandise, which will help him increase his turnover capital eventually. The loan will help Akif achieve success.

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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Akif to purchase more items to diversify and 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