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Shahid
Shahid is from Agsu city. He is a 55-year-old married man and is blessed with two sons. Shahid's main goal is to provide a better life for his family. His wife helps him with it. They are a very diligent family. To make a better living, in 2006 Shahid opened an electrical goods store. After the first loan taken out from AqroInvest and Kiva in 2009, the income of the family increased up to 400 AZN per month. Shahid is very thankful for the support given to him. With the help of this fifth loan in the amount of 1800 AZN, Shahid purchased stock for his store. After he repays this loan, he plans to apply for more loans to grow his business and to enlarge the store.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Shahid to purchase stock for his electrical goods store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013