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Ilqar is 20 years old. He studies at Azerbaijan Technology University in the faculty of Standardizing and Technology Machines, years 2009-2013. He is single and lives with his parents who pay for his education fee. Their financial situation changed when Ilqar`s mother quit her job. Their financial situation in the family worsened and Ilqar applied for an 1,800 AZN loan to pay in advance his last two year`s education fees. It was a necessary step because in Azerbaijan, the tuition fees have to be paid in advance and it is not flexible.

Additional Information

More information about this loan

This loan is part of Aqroinvest's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. By supporting this loan, you're enabling access to education for students with limited options. 

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 Dostlar─▒ (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Ilqar to pay his education fee.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 2, 2012
Jun 4, 2012
Currency Exchange Loss:
Jun 17, 2014