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Ziya
Ziya is 41 years of age and married. He has 2 sons. Ziya is a very positive man. He is a market vendor. He has 12 years experience in this business. Ziya sells different kinds of goods like tea, flour, beverages, macaroni, butter and candies. His business allows him to make his living and cover his living expenses. Ziya is a man with a very good reputation in his area. He is requesting his seventh loan. He will use his loan funds to enhance his business merchandise with special-offer products, and to diversify his products in order to satisfy the requirements of his customers, thus increasing his income. He is investing much hope in this current loan, and is hopeful that it will fulfill his customers' needs.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 39
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Ziya to enhance his business merchandise with special-offer products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015