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Natiq R. is a 42-year-old trader who has his own shop in the Saatli region of Azerbaijan where he sells food. Natiq is married and has three children.

Natiq has worked in this particular field for more than 20 years but, until recently, he rented the shop in which he sold his goods. However, he is proud to say that he finally purchased land not long ago and proceeded to build his own shop. Nevertheless, the shop is quite new and is in need of repairs and other improvements. He is requesting a loan in the amount of $800 in order to purchase more equipment to sell and to make repairs to his shop.

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

Success!! The loan was 100% repaid

A loan of $800 helped Natiq to purchase additional inventory and to make much-needed repairs and improvements to his business' shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 31, 2008
Jun 23, 2008
Currency Exchange Loss:
Feb 15, 2010