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Zohrab is a 46-year-old father of 2 children. He lives in Agsu, Azerbaijan and owns a small shop that sells vegetables and fruits. Zohrrab has been a client of AqroInvest since 2010. He has successfully repaid his previous 2 loans and is now requesting a third loan of 1,500 AZN to purchase additional inventory and working capital. Zohrab has been engaged in his business for over 15 years and earns approximately 350 AZN a month. He is ready to give all he can in order to send all of his children to university as he dreams of a better future for them.

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
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Zohrab to purchase additional inventory and working capital.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Oct 11, 2012
Currency Exchange Loss:
Nov 10, 2012