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Akif, a 53-year-old man, is married with three children. He sells construction materials wholesale. He has 12 years of experience in this field. Construction materials made of wood are quite expensive and, at the same time, are in high demand among local people.
Akif's sales place is located in the central Saatli bazaar. Akif`s customers always come to Akif to buy materials, and he is always ready to make a discount. He serves people not only from his home city but also from neighboring villages and cities.

Akif`s business brings in a stable income of 160 Azerbaijani manats (AZN). He applied for a 1400 AZN loan to purchase more materials and cover customers' demand. He has already demonstrated himself to be a good client with a positive 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.

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
  • 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 $1,800 helped Akif to purchase materials to meet the market demand.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 28, 2011
Jan 1, 2012
Currency Exchange Loss:
Mar 15, 2013