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Qafar Q. is a 45 year old man who keeps his own business selling a variety of goods such as soap, powder, shampoo, and pens. He is married and 2 sons of school age. He started his business in 1996 when his salary as accountant was just enough to barely make ends meet. Qafar decided to start his own business and now his store is the main source of income for his family. Qafar also helps his very old parents financially. He applies for a 1200 USD loan to buy more inventory for his store and generate more income.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,856,925
    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 Qafar to buy more inventory for his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 3, 2008
Nov 1, 2008
Currency Exchange Loss:
Apr 15, 2010