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Alsad is 45 years old and has three children. He is very hard-working person, because it requires continuous effort to take care of a family of five people. Alsad is working in a service sector business. He has a lot of experience of dealing with many customers.

Alsad has been managing a small restaurant in the central market. In this restaurant, he serves several dishes, such as kebabs, soups and other traditional foods. He has been working in this sector for ten years. He says the service sector is a very delicate area, because people always pay attention to how they are being served.

This is Alsad’s second time applying for loan in Aqroinvest. He is requesting a loan of 1,600 AZN. With this loan he plans to buy more dishes, chairs and a few tables. He is really optimistic about this loans positive effects, because he believes that more customers are enjoying dining out recently.

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
  • $13,936,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,050 helped Alsad to buy more furniture to expand his restaurant and to increase his customer base.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 1, 2013
Mar 16, 2013
Currency Exchange Loss:
Oct 17, 2014