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Alibala is 56 year-old man who has grown seasonal fruits and vegetables for the last 12 years. He is married and has two sons. He usually sells his crops in the central bazaar and to the local vendors. His monthly profit is 250 AZN and he would like to increase it. His elder son helps him to raise crops and sell them in the bazaar. Alibala applied for a loan of 1,500 AZN loan in order to purchase seeds, fertilizers and new land.

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.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Alibala to purchase land, seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 19, 2011
Dec 1, 2011
Currency Exchange Loss:
Oct 15, 2012