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Sakit
Sakit is a hard-working, persistent entrepreneur from Agsu. Three years ago he decided to try opening his own small grocery sales business. Today, his business is successful and he is looking to expand it further. Sakit has requested a loan of 1000 Azerbaijanian Manat (AZN) so that he can purchase additional items for his store. He plans to increase the variety of items which are in high demand. Sakit is married and has two children. One of his goals for his business is to be able to help his children as much as he can.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    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 Sakit purchase more items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2011
Listed
Oct 9, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012