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Agasemed S. is av 33-year-old trader who sells phone accessories in the small village of Imishli. He started his business 10 years ago when he got married. When he first started this business, he was renting the store, but now he owns his store, which he purchased two years ago.

Agasemed is married and has two children. He is trying to improve his business so that he can provide the best possible education and life conditions for his children.

Agasemed is applying for a $3000 USD loan to purchase phones and start selling them in his store. This business has become is very profitable in the last two years and phones are in high demand among local people. We wish him all the best!

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
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $3,000 helped Agasemed to purchase phones for sale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 18, 2009
Apr 9, 2009
Currency Exchange Loss:
Sep 15, 2010