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Gulbadam Q. is a 50-year-old woman who sells different clothes and home products in the bazaar of Agsu. She is married and has three children. Gulbadam started her business in 2008 and her income was about 50 Azerbaijani manats (AZN), but her professionalism and good taste brought her a lot of customers as well as good profit. Now her monthly turnover is 200 AZN and she wishes to increase it to 400 AZN. For this purpose, she applied for a loan of 1000 AZN to purchase more products to sell.

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
  • 14
    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 $1,250 helped Gulbadam to purchase more products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 10, 2010
Jul 3, 2010
Currency Exchange Loss:
Jun 22, 2011