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Sevda
Sevda is 59 years old and is engaged in farming. She has grown seasonal fruits and vegetables for the last twenty years. Sevda is married and has one daughter. Her husband works in construction as a labourer and his salary is about 100 AZN, which is not enough even to cover basic family needs. Sevda sells her products in her shop which is located in the central Agsu market. Her monthly profit from this business is 220 AZN. She has applied for a 1000 AZN loan to purchase seeds and fertilizers and to purchase more items for her shop.

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
  • 39
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    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 Sevda to purchase seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Dec 1, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012