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Aliaga, a 59-year-old man who lives in Imishli with his wife and their four children, has owned a grocery store for almost 10 years. He decided to start this business because he wanted to work independently. He sells canned food, candies, drinks, eggs, bread, etc.. Aliaga is special in his work because he knows how to treat his clients who are his friends and neighbors. He requested a loan, his first, from AqroInvest in order to purchase merchandise for his store. When Aliaga first started his business, he successfully confronted both financial issues and competition. In the future, he plans to expand his enterprise.

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
  • 15
    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 $2,050 helped Aliaga to purchase merchandise for the store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 29, 2012
Sep 15, 2012
Currency Exchange Loss:
Nov 17, 2013