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Ehritam
Ehritam is a 51-year-old farmer who has raised seasonal fruits and vegetables for the last ten years. He is married and has three children. His wife helps Ehtiram to run the business. He usually sells his crops in the central bazaar. His business generates 300 Azerbaijani manats (AZN) profit per month. He would like to expand his business and for this purpose he applied for a loan of 1000 AZN. This will be the second loan from AqroInvest and he has a good client 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

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,129,025
    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 Ehritam purchase seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2011
Listed
Nov 13, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012