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Vasif N. is 24 years old and earns income selling women's clothes in the center bazaar of Imishli region. He started his business in 2002 and, since then, has gained respect among local women because of his knowledge of the clients' needs, as well as the discounts that he often offers. Clothes in Vasif's store sell so quickly that sometimes he has to temporarily close it, because there is nothing left to sell. Vasif's income is just enough to cover his family's needs, but not enough to expand his business. Therefore, Vasif is asking for a loan of US$1,000 which he will use to purchase additional clothes.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Vasif purchase of clothes for sale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 8, 2008
Aug 24, 2008
Currency Exchange Loss:
Apr 15, 2010