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Oqtay is 56 years old, married and the father of two children. For the last 12 years, he has earned a living by running a store where he sells flour, beverages, macaroni, butter, candies and other items. His store is in a good location and he has a deep knowledge of the market and the needs of his customers. He earns about 200 AZN a month, and gets help from his wife, who buys many of the products he sells and brings them to the shop. He is applying for a loan for 2,000 AZN to buy more food products to sell to his customers.

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
  • 17
    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 $2,550 helped Oqtay to buy more food items to sell to his customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 27, 2012
Feb 13, 2012
Currency Exchange Loss:
Apr 17, 2013