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Kamran is a 31-year-old man who runs a private business as a market vendor. His primary activity is selling food products. Kamran sells different kind of goods such as yogurt, sausages, candies, cookies and macaroni, and has been doing so for the last 8 years. He is responsible for his wife and three children.

His business brings a stable income of 180 AZN and his spouse helps to sell products from the shop. He would like to increase his income. For this purpose he applied for a loan of 1500 AZN which he will use to diversify and purchase more products for his shop. This will be his second loan and he has 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

  • $10,800
    Average annual income
  • 69
    View loans »
    Azerbaijan Loans Fundraising
  • $14,505,725
    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 Kamran to buy more food products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Jan 11, 2013
Currency Exchange Loss:
Nov 17, 2013