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Nahid is a 27-year-old man, married, with one son. He is an Internally Displaced Person and received financial support from the government, which is AZN 60.

For the last five years, Nahid has been a market vendor, selling different kinds of food products, like macaroni, sugar, tea, candies, and cookies. He is a trusted client of Aqroinvest Credit Union and started his business with our loan. He is a very successful market vendor and during these years of experience he was able to save enough money to build his own market and stop spending money to rent. In the picture, Nahid is next to his newly-bought place which he is renovating for a new shop.

Nahid's monthly income is AZN 350 and he believes that it will increase after he finishes the renovation. He applied for an AZN 1,500 loan for this purpose and he promises to pay back, as he did before. Aqroinvest Credit Union trusts Nahid because he always paid on time.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 52
    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 $1,925 helped Nahid to make renovations to his new shop.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 2, 2013
Apr 9, 2013
Currency Exchange Loss:
Aug 17, 2014