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Nizam A. is 35 years old, married with two sons. He is a very wise and hard-working man. This entrepreneur dedicates himself to the sale of electrical goods such as CD and DVD players, phones, electric kettles and other stuff.

Little by little, Nizam has expanded his inventory and thanks to the good service he offers his business is growing rapidly. He says that with income from his activity he is able to provide education and food for his children. This business is the only financial source for his family.

Now Nizam needs a loan of $US1,200 which he will use to buy new inventories for his store. This will help to meet the demand of his customers and continue growing his business. He is committed to paying back this loan in 15 months. This is the time to help someone who needs it. Please do not hesitate to help improve the quality of life of Nizam's family.

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
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    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 Nizam to buy new items for his electrical goods store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 22, 2008
Oct 8, 2008
Currency Exchange Loss:
Feb 15, 2010