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Asif is a 33-year-old man, married with two children. Asif is a market vendor and sells different utensils for the home, such as kettles, tableware, electric accessories and so on. He has four years of experience in selling these goods. His shop is located in the center of the local bazaar and it is the most visited place. Hence, people very often pass his shop and make purchases.

His monthly income is about 90 AZN, but he would like to increase it. For this purpose he applied for 1,200 AZN and will use the loan to buy more products to cover his customers` demands. 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
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Asif to purchase and diversify the home products he sells.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 17, 2013
Currency Exchange Loss:
Mar 17, 2014