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Sahib is a 21-year-old man who studies at the Azerbaijan Technology University. He has been studying in the Faculty of Standardizing and Technological Machines since 2009. Now in the third year of his course, he wishes to work in a machine factory abroad after finishing university. Sahib's parents pay his education fees. Now they have applied for a 2000 AZN loan to pay for the last two years of his tuition.

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
  • 79
    View loans »
    Azerbaijan Loans Fundraising
  • $14,539,000
    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 Sahib to pay university tuition fee.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 2, 2012
May 25, 2012
Currency Exchange Loss:
Jun 17, 2014