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Ilqar A. rents a little store where he sells foodstuffs. He buys his goods in a city which is one hour away from his home village. He goes for goods every week. His family members help him at the store. His wife doesn’t have another job but helps her husband in his business. His products are popular in his town for being cheap and fresh. That’s why he has many regular customers.

Ilqar has a wish to build his own store but needs a lot of money for that. So he wants to borrow money and use it in his business to make more profit. He will start saving money from his profits for a store and hopes that soon he will be able to start building a store of his own.

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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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 Ilqar purchase more foodstuffs for his little store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 25, 2009
Jan 18, 2009
Currency Exchange Loss:
Jul 1, 2010