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Mashallah D. is 50 years old and sells different supplies in a small village of the Satli region. He started his business in 2000. He is married and has 2 sons. Mashallah also works as a teacher in a local school, but his salary is too small to cover even basic family needs. His store is the main financial source for his family. Now he would like to expand his business and purchase more supplies for his store. For this purpose he applied for 1000 USD.

Additional Information

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
  • 67
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mashallah to expand his business and purchase more supplies for his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 16, 2008
Sep 1, 2008
Currency Exchange Loss:
Jan 15, 2010