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Ceyhun is a 30-year-old young client who has been selling food products for past seven years without any difficulties. Ceyhun lives with his parents and he is going to marry. He works the whole day, from Monday to Sunday, because he is the only person in his family who is working, and from his business, he makes a profit of 170 AZN a month.

He is a kind and hard-working man. But he has too many problems, such as expanding his business to buy more products, repairing his home and other things.

His first goal is to buy products. For this, he needs a loan of 2,000 AZN. With this loan, he hopes to meet the needs of his family.

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 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
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Ceyhun to buy more products.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 2, 2013
Currency Exchange Loss:
Aug 1, 2013