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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 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 $1,275 helped Shafiqa to expand her farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 13, 2010
Jan 1, 2011
Currency Exchange Loss:
Nov 15, 2011