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Akif
Akif is a married father of three children. He runs a small grocery store selling food products in the downtown area of his hometown. Akif 's store is well-known in this neighborhood as he serves his customers well and works late hours, which are very convenient for many customers who work late and go shopping after they are finished work. Akif has been in this business for 7 years and his monthly profit is about 180 AZN.

Akif's son actively helps him in his business. Akif is seeking a loan of 1,500 AZN to purchase foodstuffs to increase the variety of his selling products. This will allow Akif to increase his monthly profit and improve his family's life.

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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    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 Akif to purchase more foodstuffs to increase product variety.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Sep 8, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012