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Oqtay
Oqtay is a 34-year-old man from Agsu, Azerbaijan, who has four family members. Oqtay has worked in auto repair for five years. He buys and sells new and semi-new equipment. Oqtay applied for a loan from Kiva's partner, AqroInvest, in order to increase his stock of automobile oil and lubricants. This is his second loan, and his previous loan allowed Oqtay to generate a more stable income for his family.

Additional Information

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

  • $10,800
    Average annual income
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $1,925 helped Oqtay to increase his stock of automobile oil.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Covered
Expired:
Sep 16, 2012