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Saleh is a 58-year-old man. He is married and has three children. Saleh has a permanent job in a sugar factory, where he works from 8 a.m. to 2 p.m.. His salary as a general worker is too low to cover his family's needs. He comes to work to his shop after 2 p.m. Ten years ago he started to seek new options to make money and an idea about opening a mobile phone shop came into his mind. Now he is a successful entrepreneur and his monthly income is 400 AZN. He hired his son as a salesman and now the mobile phone shop is considered the family business. His store is successful because he has a very good location in the central bazaar. He primarily sells mobile accessories and numbers.

Now he would like to help his son get married and for this purpose he needs more investments in his shop. He applied for 1500 AZN and this will be his third loan. He is a trusted client of AqroInvest and we wish him all the best.

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
  • 24
    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 $1,925 helped Saleh to buy more phone accessories.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 28, 2012
Sep 18, 2012
Currency Exchange Loss:
May 17, 2013