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Gunduz is a 48 year –old, married man. He is raising 2 children, who are currently in school, with his wife. Gunduz lives with his family in the Agsu region. For the past 15 years, Gunduz has been working hard to manage his electronics business, where he sells electronic items.
To help expand his business, Gunduz has requested a loan of 2000 AZN from Aqroinvest CU. The loan will be used to purchase more stock. This will help Gunduz to generate greater profits and will increase his daily sales. Gunduz hopes that, in the future, he will be able to have a bigger shop.

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 by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.


About Azerbaijan

  • $6,171
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,575 helped Gunduz to purchase more stock for his electronics store.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 22, 2013
Dec 14, 2013
Currency Exchange Loss:
Feb 12, 2014