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Babak is a 47 year old man, married with four children. He is a market vendor and who sells bed accessories like blankets, sets of bed sheets and pillowcases and so on. He has about 20 years of experience in the trade field. These kinds of products are very popular among young ladies, who comes to buy some products before weddings. His monthly income is 140 AZN.

He would like to diversify his products and add carpets and bed sets for children. For this purpose he applied for 2,000 AZN loan.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Babak to buy carpets to diversify merchandise.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 12, 2012
Dec 5, 2012
Currency Exchange Loss:
Jan 4, 2013