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Farkhad A. is 46 years old. He is married with two adorable sons. Farkhad is a vendor in the central local market. He sells dishes and plates of the Oriental style, along with electrical items such as irons, kettles, mixers, and so on. Farkhad has been in this business for eight years already, and his business is successful enough to enable him to support his family and his parents. Because his wife is currently unemployed, Farkhad's business generates the main income.

Now Farkhad is planning to increase his stock by purchasing dishes and plates wholesale. This products are very popular. With this purpose in mind, he is requesting 1200 USD for a term of 15 months. Farkhad thanks everyone for supporting him and promises to repay the loan on time.

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
  • 25
    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 Farkhad to purchase dishes and plates to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Apr 27, 2009
Mar 18, 2009
Currency Exchange Loss:
Aug 24, 2010