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Mazahir is a 49-year-old man who is married and has three children. He is a market vendor and sells different kinds of food products in the central bazaar. Mazahir has 15 years of experience in this field, which makes him a knowledgeable and skilled person.

He usually sells rice, macaroni, yogurt, flour, butter, sugar and others. Products he sells are in very high demand and people use them in everyday life. Also, these products are in very high demand among local people and his monthly profit is 120 AZN. His spouse helps him to update the merchandise in his shop.

This business is the only one financial income for his family and Mazahir would like to increase his sales, as well as cover market demand. For this purpose, he applied for a loan of 1,500 AZN. He will use this loan to purchase more products. This will be his third loan and he has a good client 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
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Mazahir to buy more food products for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Dec 25, 2012
Currency Exchange Loss:
Feb 17, 2014