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Qorkhmaz
Qorkhmaz A. has always been a hard-working man who has made sure, from a young age, that his family never goes without their daily bread. He is married with two daughters. He has a grocery store where he sells different kinds of foodstuffs such as sweets, soft drinks, juices and other items.


Qorkhmaz began this enterprise five years ago in order to support his family and parents. To this date, he is the only support for his parents.


Today Qorkhmaz needs to buy additional foodstuffs to increase the range of goods he sells. With this purpose in mind, he is requesting a loan of $US1,200. He is ready to work even harder and make sacrifices to achieve his goal and become a successful entrepreneur. We believe his perseverance and clear vision will become key success factors in his small business.

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
  • 23
    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 $1,200 helped Qorkhmaz to buy additional foodstuffs to increase the range of goods he sells.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 22, 2008
Listed
Oct 8, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010