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Sanan is a 31 year old man. He is married and has two children. He has been in the business of buying and selling auto parts for six years. His family is big and it's not easy to provide for a large family.

The buying and selling of auto parts brings good profit, but because there are different makes of cars he has to buy the parts for all kinds of vehicles. His son helps him to run the business and his monthly income is 300 AZN.

Now Sanan wants to get a loan in the amount of1000 AZN to stock up on the variety of his products.

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

  • $10,800
    Average annual income
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,275 helped Sanan to purchase and diversify more car spare parts.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 27, 2012
Mar 2, 2012
Currency Exchange Loss:
Apr 1, 2012