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Khanbaba is a 50-year-old trader who sells products such as toothpaste, soap, washing powder and other detergents. He has 15 years of experience in this field. He also raises seasonal fruits and vegetables, however this shop brings him a more stable income.

Khanbaba is married and has four children. His shop located in the central bazaar and his son helps him sell the goods. His monthly income is 200 AZN. Khanbaba applied for a loan of 1500 AZN to purchase more goods and to diversify his products.

Additional Information

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

About Azerbaijan

  • $6,171
    Average annual income
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Khanbaba buy goods to sell.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 9, 2012
Aug 9, 2012
Currency Exchange Loss:
Sep 8, 2012