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Sanan is 44 years old and married with three children. For the past twelve years he has sold different kinds of goods such as flour, beverages, macaroni, butter and candies at his shop. He knows the market and the needs of his clients well. The food he sells is very popular and in high demand. His monthly profit is 320 AZN, the family’s sole income.

Sanan is a very successful entrepreneur because of the good location of his shop in the central bazaar. His wife helps him to purchase goods and take them to the shop. He has now applied for a 1500 AZN loan to purchase more products and diversify the range of goods he offers to cover his customers’ demands. This will be his second loan and he has a good client history.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Sanan to buy a diverse range of products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 30, 2012
Mar 3, 2012
Currency Exchange Loss:
Feb 15, 2013