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Gunduz, 52, is married and has three sons. He has 5 years experience in business trading. He always tries to expand his field. Therefore Gunduz borrowed 1800 AZN from Agroinvest CU to buy new foodstuffs which is useful region customers. He manages his grocery store with courage. Gunduz earns about 150 AZN monthly net profits. This is his second loan. He appreciates the support and hopes that after repaying this loan and he will request another access.

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 $2,300 helped Gunduz to buy new foodstuffs.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 1, 2012
Oct 28, 2012
Currency Exchange Loss:
Nov 27, 2012