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Xaqani is a 35-year-old man who runs a private business. He is a market vendor, and his primary activity is selling food products. Xaqani sells different kinds of goods such as yoghurt, sausages, candies, cookies, and macaronis. He has been doing this for 10 years. He is responsible for his wife and son.

His business brings him a stable income of 3,500 AZN, and his spouse helps to sell products in the shop. He would like to increase his income, and for this purpose, he applied for a 1,500 AZN loan. He will use this loan to diversify and purchase more products for his shop. This will be his third loan, and he has a good loan history.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Xaqani to buy more food products to sell.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Aug 28, 2012
Sep 20, 2012
Currency Exchange Loss:
Oct 20, 2012