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Osman I. is 45 years old. He supports his wife, their three children and his parents who all live with Osman in one house. Osman makes traditional Azerbaijan bread called ”tendir.” He has been working at baking since he was 20. He believes that this business is profitable and is not subject to seasonality. He gets up early and bakes tendir and bread so that people have the fresh bread on their tables for breakfast. He purchases all the input materials like flour, salt, and yeast in the local market.

Now due to high demand, Osman wants to increase the quantity of bread he makes, so he requests $1200 for a term of 15 months. The loan will be used to purchase more flour and also coal for baking. In the future he dreams of opening his own workshop and with the profit, building his own house. Osman deeply appreciates the trust and support you give him.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Osman to purchase more flour to increase bread production.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 27, 2009
Mar 18, 2009
Currency Exchange Loss:
Aug 25, 2010