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Alovsat is a 35-year-old man who runs a private business. He is a market vendor and his primary activity is selling food products. Alovsat sells different kind of goods, such as yogurt, sausages, candies, cookies and macaroni for the past 20 years. He is responsible for his wife and three children.

His business brings him a stable income of 100 AZN and his spouse helps to sell products from the shop. Alovsat would like to increase his income and for this purpose he applied for 1,500 AZN. He will use this loan to diversify and purchase more products for his shop. This will be his third loan and he has a good loan 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
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 Alovsat to buy more food products for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Dec 25, 2012
Currency Exchange Loss:
Apr 16, 2014