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Zahir is a 20-year-old student. He studies at the second course at Ganjha State University. He is a very responsible student and he studies well.

Education is an important part of a person's life. People can't work properly and efficiently, if they don't have education. Even if people have skills, they need to know theory and have a diploma which will make sure that this person is able to work in his or her chosen field.

Every morning, Zahir drives from his own town to the university, which is very far from his house. He applied for a loan of AZN 2,000 in order to cover his annual educational expenses. He is planning to graduate well and become a highly-qualified lawyer. This is Zahir's third loan and he has a positive client history.

Additional Information

More information about this loan

This loan is part of Aqroinvest's education program, designed to finance school tuition for students whose families have low incomes or work in informal sectors of the economy. Funds can be used for partial or complete payment of expenses related to higher education. By supporting this loan, you're enabling access to education for students with limited options. 

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
  • 69
    View loans »
    Azerbaijan Loans Fundraising
  • $14,505,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Zahir to cover his annual educational expenses.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 23, 2014
Feb 5, 2014
Currency Exchange Loss:
Feb 20, 2015