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Khayal
Khayal is 26 years old who works as a market vendor selling different kind of goods, such as flour, beverages, macaroni, butter, ketchup and candies. He has four years of experience and has deep knowledge of the market and the demand of clients.

He sells food products that are very popular among people such as butter, candies and beverages. His monthly profit from his business is 150 AZN. His father helps to purchase products and bring them to the shop. This is the family's sole source of income. Khayal is a very successful entrepreneur because of a good location in the central bazaar of his home town.

He has applied for a 1000 AZN loan to purchase more food products and diversify the range of goods to cover customers` demand.

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 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

  • $6,171
    Average annual income
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $14,200,075
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Khayal to buy and diversify food products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013