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Xaladdin is 35 years old, married and he has one son. Xaladdin lives with his family in his city, his parents also lives with him because they are old and ill, because of that Xaladdin taking care of his parents too. He is very positive man.

Xaladdin is a market vendor. He sells food products like cakes, rice and sugar, among other items. 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.

Xaladdin has had this business for 6 years. He started with his own capital. Upon seeing the good results that his sales generated for him, he decided to continue. He started in this field due to the need 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.

Xaladdin is now requesting 1000 AZN. He is grateful for the opportunity provided to him in accessing the loan, which he needs to continue meeting his goals. He pledges to be a punctual and very responsible client. He will use the requested loan to buy food products like cakes, rice, sugar and vegetables for his store. This is his 1st loan.

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
  • 40
    View loans »
    Azerbaijan Loans Fundraising
  • $14,691,500
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,300 helped Xaladdin to buy food products to sell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 18, 2013
Dec 14, 2013
Currency Exchange Loss:
Feb 12, 2014