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Hafiza is a 53-year-old married woman with six children. She is a market vendor and sells different kinds of goods in her shop. She has six years of experience. She is knowledgeable and skilled in her business. She sells foodstuff like candies, cookies, butter, macaroni as well as hair color and some cosmetics.

The products she sells is very popular in Azerbaijan and move quickly from shelves. Hafiza's business brings her 350 AZN in profit. It is hard to keep her customers satisfied with this income, because Hafiza needs to make some savings and can’t put all the income into the business again. This is the only financial source for her family.

Hafiza needs to expand her business and for this purpose she has applied for 1500 AZN in loan. She will use the loan to purchase more merchandise for her shop. This will be her 2rd loan from AqroInvest CU and she has a good client history.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Hafiza buy merchandise for her shop.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Jan 17, 2012
Feb 11, 2012
Currency Exchange Loss:
Apr 17, 2013