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Museyib is a 56-year-old, married man with four children.

He runs a furniture workshop in his home city. Specifically, most of the furniture he makes is from natural wood. He explains that he has 26 years of experience in this field and many customers. He believes that he has so many customers because he always complete orders on time and provides high-quality furniture. His monthly income is approximately 120 AZN.

While Museyib's customers have placed many orders, he has insufficient materials to complete the orders at this time. In fact, he is unable to purchase such materials at this time because many of his customers prefer to pay after his work is done. As a result, Museyib is applying for a loan in the amount of 1,500 AZN to purchase additional raw materials. This would be his second loan, and he notes that he a good history of repaying his loans.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,345,975
    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 Museyib to complete customers' orders by purchasing additional raw (wood) materials.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Feb 11, 2013
Currency Exchange Loss:
Apr 16, 2014