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Mikayil is a 46-year-old, married man with one daughter. Eight years ago Mikayil decided to start his own business selling office supplies and lottery tickets. Hence, he opened a store which he operates with his loving family. His store has a very good location in the central city bazaar. His monthly income is 250 USD. Mikayil has plentiful orders for a variety of lottery tickets and office supplies and now is applying for a loan of 1500 AZN to fulfill his orders. This will be his 2nd loan and he has a good credit history.

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
  • 67
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    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 Mikayil to purchase more office supplies to increase profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 15, 2011
Oct 14, 2011
Currency Exchange Loss:
Jan 15, 2013