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Faiza is a 57-year-old woman and is married with five children.

She is a market vendor and sells different kinds of goods in her shop. She has eight years of experience and considers herself to be a knowledgeable and skilled person. She sells detergents, as well as hair color and some cosmetic products.

The products she sells are very popular in Azerbaijan and go quickly from shelves. Faiza's business brings her a 230 AZN profit. It is hard to keep satisfied customers with this income, because Faiza needs to make some savings and can’t put all the income back into the business again. This is her family's only source of income.

Faiza needs to expand her business and for this purpose she applied for a 1800 AZN loan. She will use the loan to purchase more merchandise for her shop. This will be her third 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
  • 18
    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 $2,300 helped Faiza to buy additional detergents.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 21, 2012
Mar 16, 2012
Currency Exchange Loss:
Mar 15, 2013