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Oktay is a 59-year-old married man. He has 2 sons and 3 daughters. Oktay is a merchant in his own town and by the way, he is very popular as a merchant because he has been selling food products for 30 years already, and he knows his business by heart. He works every day from Monday to Sunday, and his profit is about 150 AZN a week.

His wife takes care of the children at home, but sometimes she also helps her husband sell products. Oktay must buy more products for his market such as a bread, sugar, meal and eggs, etc. but he hasn't enough funds to do it. Now he needs a loan of 1,800 AZN to buy more products to sell. He hopes that this loan will help him to realize his dream of running a successful business in the near future. This is his first loan. Oktay loves his business, and he awaits your support.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $14,868,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,300 helped Oktay to buy more products to sell.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 4, 2013
Currency Exchange Loss:
Aug 3, 2013