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Xayyam is 33 years old and married, and he has one son. Xayyam lives with his family in a city. His parents also live with him because they are old and ill; because of that, he is taking care of his parents, too. He is a very positive man.

Xayyam is a market vendor. He sells food products, like cakes, rice, and sugar, among others. His store is set up in his house, which is on a corner with a lot of traffic. That is where he very kindly tends to his customers.

He has had this business for 10 years. He started it with his own capital. Upon seeing the good results that his sales generated for him, he decided to continue. He started in this field because he needed to have an occupation and to support his life partner with the household expenses. Also, he feels like a productive and independent person.

He wishes to see his business grow, and he wishes to see that reflected in his family’s well-being. He is now requesting AZN 2,000. He will use the requested loan to buy food products like cakes, rice, sugar, and vegetables for his store.

He is grateful for the opportunity provided to him in accessing the loan, which he needs to continue meeting his goals. Xayyam has a good loan history. This is his fifth loan. He pledges to be a punctual and very responsible client.

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
  • 36
    View loans »
    Azerbaijan Loans Fundraising
  • $14,668,525
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $2,550 helped Xayyam to buy food products for his store.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 23, 2013
Oct 9, 2013
Currency Exchange Loss:
Nov 8, 2013