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Dear Kiva Lender,

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In service, Premal Shah, President,

Check out some available loans that are similar to this one!
Almaz A. is a 53-year-old happy father of four children. For eight years, he has been selling spare parts for cars. Almaz wishes to increase his business by offering various types of spare parts for his customers who are permanent clients.

He works to provide his children with all necessary daily things and teaches them the best practices from his experience. He believes one day his small business will transform into a big family business. To reach his goal he has applied for a $1200 USD loan.

Additional Information

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
  • 66
    View loans »
    Azerbaijan Loans Fundraising
  • $14,512,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Almaz to increase his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 12, 2008
Sep 27, 2008
Currency Exchange Loss:
Feb 15, 2010