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Guloglan is a 47-year-old man who runs a private business. He is married and has two daughters. His primary activity is selling food products. He is a market vendor and has been selling different kinds of goods, such as yogurt, sausages, candies, cookies and macaroni, for the past 15 years. He is responsible for his parents and children. His spouse helps him to sell products.

Guloglan's shop located in the central bazaar, which is why his products sell very quickly. His business brings him stable income of 120 AZN and his older son helps to sell products from the shop. Guloglan would like to increase his income, and for this purpose, he applied for a loan of 1,000 AZN. He will use this loan to diversify and purchase more products for 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Guloglan to buy more food products to cover customer demand.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 19, 2012
Dec 25, 2012
Currency Exchange Loss:
Dec 19, 2013