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Babak is a 46-year-old trader who sells beverages and food. He has five years of experience in this field. Babak is very polite and friendly and his attitude to customers makes his business very successful. His monthly income from his business is 300 Azerbaijani manats (AZN). He is married and has four children. He wishes to increase his income which will allow him to improve life conditions of his family. For this purpose he applied for a loan for 1700 AZN. He will use the loan to purchase and diversify goods in his shop. This will be his third loan and he has a good credit history.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

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About Azerbaijan

  • $6,171
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Babak purchase more goods for his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 10, 2011
Nov 13, 2011
Currency Exchange Loss:
Oct 15, 2012