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Shafiga
Shafiga A. is 48 years old, married and has three children. She has been running a grocery store for the past ten years. She sells sweets, preserved food, juices, soft drinks and detergents. The inventory she has for sale is of very good quality and selection.


Shafiga is respectful and patient with all of her customers, which attracts people and brings them back to her store to buy groceries again. Shafiga is seeking to keep her business sustainable and has requested a loan of 1,000 AZN to increase the inventory she has for sale. We believe this current loan will enhance the potential of her business and help Shafiga attain all of her aspirations.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Shafiga to purchase more inventory for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 1, 2011
Listed
Apr 14, 2011
Currency Exchange Loss:
Covered
Ended:
May 16, 2012