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Sadiq is 34 years old and a married man with 2 children. Seven years ago, he opened a food store in his home because he needed to take care of his children. That is how he started his business. Currently, he enjoys running the business because he likes interacting with his customers. Sadiq also bought a refrigerator to begin selling cold drinks, such as soda pop, which are in high demand because he lives in a tropical zone. Every morning he opens his business very early and offers his customers products such as rice, sugar, cereal, canned goods, and noodles.

One of Sadiq's principal long-term goals is to improve his dwelling and build it with bricks and cement in order to improve his store. He will use the loan of 1800 Azerbaijani manats (AZN) to purchase merchandise for his business, such as rice, sugar, cereals, soft drinks, and candy. This is his sixth loan with Kiva, and he is committed to making his payments responsibly.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,300 helped Sadiq to buy more merchandise for his business, such as rice, sugar, cereals, soft drinks, and candy.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 2, 2013
Currency Exchange Loss:
Aug 1, 2013