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Shafiga M. sells detergent, shampoos, washing powders, toothpastes and other products in her grocery. She is 43 years old, married and has four children. Shafiga has been running the grocery store for the past five years. The inventory she has for sale is of very good quality and selection. Shafiga is respectful and patient with all of her customers, which attracts people and brings them back to her store to buy detergents again. Shafiga is trying to sustain her business and has requested a loan of 1607 AZN to increase the amount of inventory that she has for sale. We believe this current loan will enhance the potential of her business and help Shafiga reach all of her aspirations.

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
  • 16
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Shafiga to purchase more detergents, shampoos, washing powders, toothpastes and other products for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 30, 2009
Oct 30, 2009
Currency Exchange Loss:
Dec 2, 2010