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Farakhim M. is a 38-year-old trader who sells confections such as candies, chocolate, cookies and other items. He is married and has one adorable daughter who is the meaning of his life.

Farakhim opened his store in 1999, when he could not find any job in his village and his family stayed without any means of subsistence. Farakhim would like to expand his business and purchase more confections for his store, to increase his income and improve life conditions for his family. For this purpose he applied for a loan of $1200 with 15 months for a term. Your generosity will be very helpful.

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
  • 14
    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 Farakhim purchase confections to resell such as candies, chocolate, cookies and other items.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Mar 26, 2009
Feb 20, 2009
Currency Exchange Loss:
Jul 1, 2010