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Zarkhanum
Zarkhanum 48-year-old woman who sells women's clothing in the local Sabirabad bazaar. She has seven years of experience in this field and does it very well. In fact, her inventory sells quicker then it can be replaced by new consignments. She is married and has three children. Her business is the only financial source for her family. Zarkhanum is going to expand her business and increase the number of goods for sale. For this purpose she needs 1200 USD for a 18 month repayment period.

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
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Zarkhanum to expand her business and increase number of goods.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 22, 2008
Listed
Jan 8, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009