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Nurana is a 47-year-old married woman with four children. Six years ago, when in the country there was a book deficit, especially in towns, she decided to open a bookstore. She stared in a small rented place with 10 books. Now demand is so high that Nurana expanded her business and have more than 200 books in her store. She also sells notebooks and other office supplies.

Nurana's husband works as a driver and his salary is only 120 AZN. Nurana's business brings her a constant profit of 300 AZN each month. She applied for a 700 AZN loan to improve her shop and purchase books from Russia, which are very popular among the local people.

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Nurana buy books.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 16, 2012
Apr 19, 2012
Currency Exchange Loss:
Mar 15, 2013