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Amil is 38 years old, married and has two sons and one daughter. With the desire to live better, six years ago Amil started a grocery store, which is located nearby his home. Every month he earns 350 AZN. Now Amil needs financial help for his business and has applied for a 1400 AZN loan. He will use this money to purchase grocery items, mineral water and stocks. Amil believes that increasing his inventory will lead to a more successful 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
  • 72
    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 $1,800 helped Amil to purchase grocery items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 21, 2011
Jan 9, 2012
Currency Exchange Loss:
Jan 15, 2013