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Khanlar K. is 48 years old. He is married with two adorable daughters. He is a small entrepreneur who sells various souvenirs in his store. His store is very famous in his community thus allowing him to have a good clientele.

Currently, Khanlar has about 800 USD in inventory and his monthly net profit is about US$ 100-120. Today Khanlar is requesting a loan of 1200 USD for a term of 14 months to increase his stock. He is ready to work even harder, make sacrifices and push every once in a while to achieve his goal and become a successful entrepreneur.

Khanlar’s main goal is to educate his beloved daughters so that someday they’ll become successful entrepreneurs. We believe his perseverance and clear vision will be key success factors in his small business.

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
  • 17
    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 Khanlar purchase various souvenirs for his store.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Mar 26, 2009
Mar 23, 2009
Currency Exchange Loss:
Jul 1, 2010