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Tofiq Z. is 54-year-old man who likes to make his own way. He runs a clothing business, which is how he supports his family, including his wife and seven children. Little by little and with hard work during more than 20 years, his business has expanded. Still, Tofiq wants his business to grow even more.

For this reason he is requesting a loan of 1200 USD, which he will pay back in 15 months. With the money, Tofiq will buy more merchandise. This way he will have new products to offer to his customers. With your help, Tofiq will be able to establish himself, save money, expand his business, and support his family. Tofiq has a good loan history; he has received one previous loan from Kiva, which he successfully completed.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,941,275
    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 Tofiq to purchase seasonal clothes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 27, 2009
Mar 18, 2009
Currency Exchange Loss:
Aug 24, 2010