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Sudaba
Sudaba A. is married and raising a son. She and her husband sell women's clothing and shoes in a rented shop in the central market. Sudaba has been in this business for 6 years and it is constantly growing. She usually brings new clothes to the Baku central market once a month.

Sudaba realizes that lending services are very helpful to her business, as loans allow her to increase her turnover capital and expand her business. She would like to make it easier for women to find comfortable and good quality clothing, which is why she is requesting a loan of 1,000 AZN. Sudaba further plans to continue expanding her sales and eventually generate enough profit to improve her family's living standards.

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
  • 38
    View loans »
    Azerbaijan Loans Fundraising
  • $14,085,050
    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 Sudaba to purchase new seasonal clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2011
Listed
Mar 19, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012