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Nasimi, 33 years old, is married and has two children. He has 3 years of experience in selling men's clothing. His wife actively helps him choose appropriate merchandise because she has good taste.

Nasimi chose this business because it is very profitable and he has gained permanent clients over the years. He is friendly, polite and always gives a discount. Nasimi says the secret of his success is his shop's location, on the central bazaar. Nasimi's monthly income is 230 AZN, which is not enough to cover his family's needs. He has applied for a loan of 800 AZN to expand his business. He will use this loan to purchase new merchandise and diversify. He has good credit history and this will be his second loan.

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
  • $13,992,500
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,025 helped Nasimi to purchase more men's clothing and diversify.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 18, 2012
Feb 11, 2012
Currency Exchange Loss:
Mar 12, 2012