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Altan is 18. He is student of the first year of Azerbaijan Technology University. He studies on the faculty of Manufacturing Product and Expertise and his study years are 2011-2015.

He is not working, because study in the university takes all his time. Only his father is working in the family and his family did not expect that Altan would enter a paid faculty. But after school, his test scores were not high enough to get an education free of charge.

To pay the first two years, Altan applied for a 1,700 AZN loan. His dream is to start working as soon as he feels that he can compound his education and work without any losses.

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
  • 25
    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 $2,175 helped Altan to pay for university education.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
May 3, 2012
Jun 2, 2012
Currency Exchange Loss:
Jun 17, 2014