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Almaz
Almaz M. is married with two children. She is an entrepreneur from the small village of Imishli. Almaz runs a business selling cometics and other household items in the central marketplace. Her enterprise is well-known for the flexible discount system she offers to her customers. Almaz has always wanted to be self-employed and decided 6 years ago to start her own business. Almaz wants to keep her enterprise running in order to provide for her family and support her elderly parents. She is requesting a loan of 1,000 AZN and promises to repay the loan without any lapses.

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

  • $10,800
    Average annual income
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $14,239,475
    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 Almaz to purchase more items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Mar 19, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011