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Salman, 49 years old, lives in his own house with his wife and daughters. He sells food products such as cakes, rice and sugar, among others. His store is set up in his house, which is on a corner with a great deal of traffic. That is where he very kindly tends to his customers.

Salman started his business with his own capital 10 years ago to support his life partner with the household expenses. Also, he feels like a productive and independent person with the enterprise. He wants to see his business grow, and he wishes to see that growth reflected in his family’s well-being.

Salman is grateful for the opportunity to access loans which he needs to continue meeting his goals. He is now requesting his fifth loan for 2000 AZN to buy food products such as cakes, rice, sugar and vegetables for his store. With a good loan history, he pledges to be a punctual and very responsible client.

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
  • 31
    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 Salman to buy food products such as cakes, rice, sugar and vegetables for his store.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 4, 2013
Sep 17, 2013
Currency Exchange Loss:
Oct 17, 2013