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Nijat, age 23, sells groceries from his food store in the city of Sabirabad, where he lives. His vending location is well-known for good prices that are lower than market prices. Nijat knows his customers’ preferences and offers only high-quality groceries. He has been in the grocery trade for about three years. His business has been marked with consistent stability. His mother is actively helps him: it was she who brought the idea of opening his own shop.

Nijat is hoping to invest a loan of 1,500 AZN in additional merchandise, which will help him eventually to increase his turnover capital. Nijat has a vision for the expansion of his trade that will be helpful in his entrepreneurial endeavors. The loan will help Nijat to persist, take small steps at a time toward his goal, and achieve success.

Nijat has a good client history and this will be his second loan from AqroInvest.

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
  • 15
    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 $1,925 helped Nijat to purchase more food items to offer for sale in his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 26, 2011
Sep 24, 2011
Currency Exchange Loss:
Sep 15, 2012