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Asad A. is 68 years old, and a very hard working, enthusiastic man who is married and wishes to give the best support to his 3 sons. Because the small pension he received was not sufficient to cover the family's basic expenses, he decided to start his own business selling office supplies, beverages, snacks and candies. He made a wise decision when he rented a place near one of the local schools and now the majority of his clients are school children, teachers and sometimes parents.

Asad tries to give his family as much money as possible in order to cover the expenses of schooling his grandchildren. His sons are married but it is still very hard to cover family needs and Asad`s business is an additional source of income.

Today Asad wants to expand his business and to increase his working capital in order to purchase new goods to sell. With this purpose in mind, he is requesting a loan of US$1200. He hopes you will choose to play an important role in his business' growth and in the life of his family, and he thanks you for your support.

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.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 24
    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 Asad to purchase new goods to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 31, 2008
Oct 15, 2008
Currency Exchange Loss:
Feb 15, 2010