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Asif is a 33-year-old man, married with two children. Asif is a market vendor and sells different utensils for the home, such as kettles, tableware, electric accessories and so on. He has four years of experience in selling these goods. His shop is located in the center of the local bazaar and it is the most visited place. Hence, people very often pass his shop and make purchases.

His monthly income is about 90 AZN, but he would like to increase it. For this purpose he applied for 1,200 AZN and will use the loan to buy more products to cover his customers` demands. This will be his second loan and he has a good loan history.

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
  • 24
    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 $1,550 helped Asif to purchase and diversify the home products he sells.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 20, 2012
Jan 17, 2013
Currency Exchange Loss:
Mar 17, 2014