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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 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
  • 14
    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 $1,275 helped Khayal to buy and diversify food products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 31, 2012
Jun 8, 2012
Currency Exchange Loss:
May 17, 2013