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Nizami V. is a hard-working man who strives every day to provide for his wife and five children. He manages a general store where he sells many staples such as soap, food, and kitchen utensils. Although he started this business only three years ago with less than $300, Nizami has attracted a strong base of customers who are impressed by his efforts to travel to neighboring cities to purchase especially valuable items.

Nizami is requesting a loan of 1200 USD in order to purchase additional foodstuffs and increase his store's inventory.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Nizami purchase more kitchen utensils.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 27, 2009
Dec 1, 2008
Currency Exchange Loss:
Jun 24, 2010