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Shafiqa
Shafiqa S. is a 60 year-old-woman who lives with her husband and three sons in Sabirabad. Shafiqa started to grow and sell vegetables and fruits in 2003. Her son helps her in this business and this is the main source of income for her family. After successfully repaying the previous loan Shafiqa took out new loan of 1000 AZN. to expand her business. Shafiqa plans to expand her business in the future, and grow enough vegetables and fruits to sell in the winter.

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

  • $6,171
    Average annual income
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Shafiqa to expand her farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011