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Qalib is 53 years old and is married with three children. He sells different home products in his shop. Qalib has more than 20 years of experience in this field. He is a knowledgeable and skilled person.

The products he sells are very popular as dowry products and are in high demand, especially for brides. His monthly profit is 130 AZN. His wife helps him to sell the products in his shop. He is a very successful entrepreneur because of his shop's good location in the central bazaar of his home city.

Qalib would like to increase his sales and invest additional capital. For this purpose he applied for a loan of 2000 AZN. He will purchase and diversify additional merchandise to increase monthly turnover.

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
A loan of $2,550 helped Qalib to buy additional inventory.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2012
Dec 5, 2012
Currency Exchange Loss:
Jan 4, 2013