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Razi is a 32 year old man and is single. He is a market vendor and sells different kinds of food like macaroni, cookies, confectioneries, tinned food, tea and beverages like juices, soda and fizzy drinks. He has 5 years of experience in this field. During these years Razi has acquired the knowledge and skills required for the business.

Razi`s merchandise is very popular and brings him stable income of 300 AZN per month. The product that he sells is very popular and is used in everyday life. For instance tea is the beverage people drink the most with with cookies or candies. The demand is high and Razi wants to cover this demand.

For this purpose he has applied for 1000 AZN to purchase and diversify into more foods and beverages items in his shop.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,275 helped Razi to buy and diversify into more foods and beverages.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 13, 2012
Feb 10, 2012
Currency Exchange Loss:
Mar 11, 2012