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Gulbakhar
N. Gulbakhar is a 29-year-old woman who owns her business in the small village of Varkhankend, situated in southern part of Azerbaijan in the Saatli region.


Gulbakhar raises vegetables, particularly cucumbers, in her garden and sells them to the local bazaar traders. She has five years of experience raising vegetables. Her business has brought her a good income all the years. Cucumbers are in very high demand among the Azerbaijani people, as they use them in their everyday meals.


Since selling vegetables is the only source of income for her family, Gulbakhar and her husband work very hard to cover all the family's needs and feed their two grown daughters. Last year was too hard for Gulbakhar`s family, as the prices for food increased twice, and they are going to rise again next year. Gulbakhar applied for a loan of $1200 to develop her business. She is going to rent land and start raising other sorts of vegetables.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Gulbakhar to expand her farming.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 17, 2007
Listed
Nov 3, 2007
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2009