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Vuqar is a 22-year-old, single client from Agsu. For the past 2 years, he has run his own grocery store with help from his father who works also as a private employee. This grocery store helps them move forward and it ensures another income source for the family, especially when expenses increase.

Vuqar sells different kinds of food, like soft drinks, sugar, cake ,sweets flour, and other kinds of supplies. He hopes that a loan of 1500 AZN will allow him to buy a refrigerator, electric generator, and shelves. He needs the electric generator because electricity in the Agsu area is constantly interrupted.

Vuqar is very grateful to everyone who helps him .

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Vuqar to buy a refrigerator, electric generator, and shelves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 18, 2013
Dec 14, 2013
Currency Exchange Loss:
Oct 17, 2014