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Khanbaba is a 50-year-old trader who sells products such as toothpaste, soap, washing powder and other detergents. He has 15 years of experience in this field. He also raises seasonal fruits and vegetables, however this shop brings him a more stable income.

Khanbaba is married and has four children. His shop located in the central bazaar and his son helps him sell the goods. His monthly income is 200 AZN. Khanbaba applied for a loan of 1500 AZN to purchase more goods and to diversify his products.

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
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,855,250
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Khanbaba buy goods to sell.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 9, 2012
Aug 9, 2012
Currency Exchange Loss:
Sep 8, 2012