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Malakhat
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 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
  • $14,289,125
    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
Monthly
Disbursed:
Jun 29, 2009
Listed
May 16, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010