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Mirbala is 49 years old. He is married and has three children. Mirbala is an entrepreneur who sells different kinds of foodstuffs, including sweets, soft drinks, and juice, in the grocery store that he rents. Mirbala is not alone in this business; his entire family actively helps him with the sales.

Mirbala has previously received financial help through AqroInvest Credit Union. The financial assistance he has received has helped him expand his business. Currently, Mirbala's gross income is about 500 USD, and his monthly net profit is about 300 USD.

Mirbala needs a loan of 1500 AZN to be able to increase the stock of goods in his store. He is ready to work hard and to make sacrifices to become an even more successful entrepreneur. Mirbala's perseverance and clear vision will help him succeed in his small business.

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
  • 30
    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 $1,925 helped Mirbala to purchase more products to increase the stock of goods in his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 24, 2011
Jul 10, 2011
Currency Exchange Loss:
Sep 15, 2012