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Orxan is 27 years old. He is not married and lives in his own house with his parents. He operates a store where he sells food products, including cakes, rice, and sugar. His store is run out of his house, which is on a corner with a lot of traffic. He kindly tends to his customers.

Orxan has been in this business for five years. He started the business with his own capital due to the need to have an occupation and support his life partner with the household expenses. After seeing the profits that his sales generated, he decided to continue his business. Also, the business makes him feel like a productive and independent person. He wants to see his business grow and wants to improve his parent's well-being.

Orxan is requesting 1900 Azn to buy food products, such as cakes, rice, sugar and vegetables for his store. He is grateful for the opportunity to access a loan, which will allow him to continue meeting his goals. He pledges to be a punctual and very responsible client. He has a good loan history. This is his third loan.

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 $2,425 helped Orxan to buy food products.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 18, 2013
Oct 4, 2013
Currency Exchange Loss:
Nov 3, 2013