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Zulfugar M. is 34 years old. He is married and has a two daughters. Zulfugar runs his own store selling soft drinks along with personal use items like perfumes, toothbrushes, razors, and other items. His wife helps him by working as a sales person in the store.

He purchases the goods to sell in his store in the neighboring city. Currently, he's planning to purchase additional inventory in order to increase the range of goods in his store. For this purpose he has applied for a loan of 1000 USD.

This is the first loan for Zulfugar; he thanks all who trust and support him, and promises to repay the loan in a timely manner.

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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Zulfugar to purchase additional inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 12, 2008
Sep 28, 2008
Currency Exchange Loss:
Feb 15, 2010