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Alibala is a 60-year-old man who is married with two adult children. He is the owner of a barbershop and has 30 years of experience in this field. Given his long years of experience in this business he already has a lot of customers. He says that the secret of his success is his friendliness and professionalism.

His monthly income is 170 AZN and his total income, including his pension, is about 300 AZN. However, this is not enough to cover his family needs and to help his grandchildren. Hence, he would like to increase his income. For this purpose he applied for a loan of 1,500 AZN. He will buy new tools and improve his work conditions to attract new clients. This will be his third loan and he had 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
  • 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 $1,925 helped Alibala to buy new tools for his barbershop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Jan 11, 2013
Currency Exchange Loss:
Feb 17, 2014