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Zohrab is 34 years old. A married young client, he has two children. Zohrab is a merchant and has a market in his own city. He sells rice, sugar, eggs, cheese and other goods. He has five years experience in this business.

Zohrab loves his business and knows it by heart. He works every day, from Sunday to Monday and never has a rest, because the store is the only financial income for his family. Zohrab’s wife takes care of his kids at home, and the kids go to school.

For the future, Zohrab wishes to give his children higher education, to have a new store and other things. But for now, his first goal is to repair his small store and to buy a new refrigerator. This is important because it is very hot and so he should keep his products and water in a big refrigerator.

Now he needs a loan of 1,800 AZN. This is his 3rd loan. He has a good client history.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,300 helped Zohrab to repair his small store.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 2, 2013
Currency Exchange Loss:
Aug 1, 2013