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Beytulla Q. is 53 years old, married, and has three children of school age. Beytulla’s wife is unemployed - she takes care of the household and the children. Aside from his wife and kids, Beytulla is also supporting his parents and sister. He earns income running his own business - a store where he sells perfume for women and men, deodorants, air fresheners, shaving cream, shampoo, washing powder, and other items. Beytulla is an accountant by profession, and this education has helped him run his business properly. At present, Beytulla needs a loan of US$1,200 that he will use to expand his business.

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
  • 23
    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 $1,200 helped Beytulla business expansion.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 1, 2008
Oct 15, 2008
Currency Exchange Loss:
Mar 15, 2010