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Mehman
Mehman is a 28-year-old married man who supports his family by operating a general store. He lives in Agsu, Azerbaijan. Since 2010, Mehman has been a member of AqroInvest and has improved his living conditions with the help of his loans from our union and through his own efforts. By working hard, he is gradually making his family more economically stable.

Mehman requested a loan of 2,000 AZN to fund his business operation. This will be his 5th loan from AqroInvest CU. He aspires to elevate his family’s living conditions and ensure their future well being.

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

  • $6,171
    Average annual income
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Mehman to buy more food products to enlarge number of product in store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014