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Firudin
Firudin M. is a dedicated husband and successful father of four children. His eldest child is studying at university and the youngest at elementary school. Firudin began a small grocery store more that 15 years ago, using savings that he earned as a carpenter as his small capital. He was assisted by his wife who helps him serve the customers. Today his clientele has grown and his grocery store has become more popular. He is asking for a loan so that he can expand the variety of goods that are sold in the store. Firudin is very grateful to everyone who helps him achieve business success with this loan.

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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Firudin to expand the variety of food goods sold in his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 27, 2009
Listed
Mar 24, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 24, 2010