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Shaiq R. is 18-years old. He sells pastries, cookies, candies, condensed milk, tea, eggs, washing powder, mayonnaise, and other materials in his store. He is not married but works hard to ensure a good future for his very old parents, who are on pension right now. He has been in the business for two years and has many loyal customers. He is the main provider for his family. He is requesting a loan of 1200 USD. He will use the loan to upgrade and enlarge his stock, which will enable him to increase his income. Sahiq thanks everyone for support and promises to pay the loan in time.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

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About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 Shaiq to upgrade and enlarge his stock.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 26, 2008
Oct 12, 2008
Currency Exchange Loss:
Feb 15, 2010