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Xalis is a 43-year-old man, who runs a private business. He is married and has two children. His primary activity is selling food products. He is a market vendor and sells different kind of goods such as yogurt, sausages, candies, cookies, and macaroni for the last 8 years. He is financially responsible for his parents and children.

His shop is located in the central bazaar which is why his products sell very fast. His business brings in a stable income of 170 AZN and his brother helps to sell products from the shop. He would like to increase his income and for this purpose he applied for 1000 AZN loan. He will use this loan to diversify and purchase more products for his shop. This will be his second 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,936,525
    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 Xalis to buy more products to sell in the market.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Jan 10, 2013
Currency Exchange Loss:
Jan 17, 2014