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Zakir Q. is a 34-year-old salesperson who sells washing machines, refrigerators and kitchen appliances. He has been in this field since 1992. This store is owned by his brother and Zakir works as the sales manager.

Zakir has decided to open his own store in another village named Imishli. The first step he needs to take is to make repairs in the new building and then he will be able to open the store and sell the same products. For this purpose he has applied for a loan.

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
  • 15
    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 $1,200 helped Zakir to make repairs in a building to house a kitchen appliance store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 13, 2008
Aug 29, 2008
Currency Exchange Loss:
Apr 15, 2010