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Bakir A. is 42 years old and married with two sons. His family consists of five people, including his parents, two sons and wife. To earn a living, Bakir sells food products and has been in this business for eight years. In addition, he raises cattle; currently, he owns a cow to provide milk for his family. These two businesses generate most of the income for Bakir 's family. Already popular in the neighborhood for selling fresh eggs, Bakir, nevertheless, would like to increase the range goods he can offer. Therefore, Bakir is asking for a loan of $1,200 USD for a term of 15 months in order to be able to purchase more food products for sale, as well as improve the life conditions of his family.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    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 Bakir purchase more food products to increase profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 25, 2009
Jan 19, 2009
Currency Exchange Loss:
Jul 1, 2010