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Malakhat G. is a 40-year-old married woman with two sons. She sells home furniture in her own furniture store. She has 15 years of experience.

She decided to open her business when it becamse clear that her husband's income wasn’t enough to satisfy their basic family needs. Malakaht borrowed money from her friends and started selling furniture. Two years ago, she was able to build her own store with the savings she had.

Now Malakhat is concerned about the higher education of her two sons and wants to do everything possible in order to save money for their university careers so that they may attain university degrees. With this goal in mind, she has applied for a $1,500 USD loan in order to increase number of items she sells in her store.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Malakhat to purchase more items to sell in her store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jun 29, 2009
May 16, 2009
Currency Exchange Loss:
Sep 15, 2010