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Mehman is 57 years of age and married. He and his wife are raising four children.

Mehman's economic activity is his grocery store near his house, where he sells different kinds of food. His project is going well, but it needs financial support for further developing.

Now, Mehman is requesting a loan of AZN1,500 to add to the stock of merchandise in his store. With the received amount, he will buy items such as rice, dairy products, snacks, and other products. He will enlarge his store and attract more customers.

Mehman plans to increase his turnover gradually and invest the profits in the same business.

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 $1,925 helped Mehman to buy more products such as rice, dairy products, and snacks.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 27, 2013
Dec 7, 2013
Currency Exchange Loss:
Feb 5, 2014