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Nadir T. is married and has three children. His family lives in the city of Agsu, where Nadir runs a small downtown grocery store. Nadir 's store is well-known in the neighborhood because he serves his customers well and works late hours, which is very convenient for those who work late and go shopping after they get off work. Nadir has been in business for eighteen years. Currently he is seeking a loan to purchase more inventory in order to increase the variety of goods he offers. Nadir had some struggles at first when his business was growing and becoming self-sustainable, but he handled all these challenges well and is looking toward the future with much enthusiasm and optimism.

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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,860,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Nadir to increase the variety of goods in his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 20, 2009
Jun 11, 2009
Currency Exchange Loss:
Sep 17, 2010