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Mensim is 30 years old. He has had a grocery store for five years. He opened his store in 2006 because the neighborhood did not have this type of business. Mensim started with a small amount of capital. He sells milk, eggs, pasta, sugar, and other products.

Mensim is requesting his first loan from AqroInvest for 800 AZN, which he will use to buy supplies for his store. His dream is to own a store adjacent to his house and expand his business.

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
  • 82
    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 $1,025 helped Mensim to purchase supplies for his grocery store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 16, 2011
Nov 2, 2011
Currency Exchange Loss:
Dec 15, 2012