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Qabil, 46 years old, is married and has three children. Five years ago, Qabil decided to start his own business selling carpets and dowry items. He began the business with his hard earned savings as he had always wanted to be an entrepreneur. He is familiar with this business and provides good customer service. Qabil's shop is located in the central bazaar of Sabirabad. His monthly income is 200 AZN and his son actively helps him. Qabil has many clients and his business keeps growing. In order to increase the range of his carpets, Qabil is requesting a loan of 600 AZN, which he will use to purchase more inventory.

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
  • 53
    View loans »
    Azerbaijan Loans Fundraising
  • $14,698,475
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Qabil to purchase more products to increase profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 28, 2011
Sep 8, 2011
Currency Exchange Loss:
Oct 15, 2012