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Valimammad M. is a 45-year-old man who sells women's clothes in the central bazaar in Qiyasli Village. He is married and the only breadwinner for his 8 children.

Valimammad started his business more than 20 years ago and he is very experienced in the last fashion novelties. That’s why the items he buys always sell out very quickly. Valimammad buys clothes from Baku, the capital of Azerbaijan. He goes there very often, because demand is high, but he does not have enough turnover capital to buy all of the clothes that he needs.

With the new loan, he plans to buy clothes once in a month and to purchase more at once, rather than spent a lot of effort, energy and money to make the trip three times each a month, as he usually does. He has applied for 1600 AZN to purchase women's clothes for the spring season and increase his turnover.

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
  • $14,894,350
    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 Valimammad to purchase women seasonal clothes.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 29, 2010
Mar 1, 2010
Currency Exchange Loss:
Nov 28, 2010