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Abdul, 45, is a hardworking man who started his retail business 21 years ago. He sells food and has a grocery store near his home in Agsu where he lives with his three children and wife.

This is his second loan from AqroInvest in the amount of 1500 Azerbaijanian Manat (AZN). With his previous loan, Abdul bought products for his store with the intent of increasing his business. His main goal is expand his business and in this way to provide a better life for his family. Abdul is happy with the loan and promises to complete his payments.

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
  • 74
    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 Abdul to buy new products for general store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 16, 2011
Oct 19, 2011
Currency Exchange Loss:
Dec 15, 2012