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Firuz
Firuz is a 27-year-old man who runs a private business. He is married and has one son. His primary activity is selling food products. He is a market vendor and has been selling different kinds of goods such as yoghurt, sausages, candies, cookies and macaronis for the last 8 years.

His business brings him a stable income of 150 AZN, and his older son helps to sell products at the shop. He would like to increase his income and for this purpose, he applied for a 1,500 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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    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 Firuz to buy more food products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 10, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014