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Balakhan is married and lives with his wife and four children in Agsu, a province of Azerbaijan. His wife does the household chores and takes care of their children. In 2005, Balakhan decided to open a home goods store. When he started operating his business, he had much less working capital than he does now, after years of successful operation. Balakhan's trading business has grown thanks to his first loan with AqroInvest in 2010. He has a good loan history. Nowadays his monthly income is around 250 AZN. After successfully repaying his previous loans, he has requested a fourth loan in the amount of 1500 AZN to provide working capital to purchase more merchandise. Balakhan and his family are very thankful to AqroInvest and Kiva.

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 Balakhan to purchase more merchandise.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 24, 2011
Jan 1, 2012
Currency Exchange Loss:
Feb 15, 2013