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Qandifa is 56 years old and married with three children. She is a market vendor who sells different kinds of goods such as flour, beverages, macaroni, butter and candies. He husband helps her by buying and carrying inventory to the shop. Profits from her shop are her family’s sole income.

Qandifa has eighteen years’ experience in her business. The food she sells is very popular among people and in high demand. She is a very successful entrepreneur because of her extensive knowledge of the market and her clients’ demands. She also has a good location in the central bazaar. Her monthly profits come to 200 AZN.

Qandifa has applied for a 1500 AZN loan from Aqroinvest Credit Union. This will be her second loan and she has a good client history. She will buy more stock and diversify its range to cover customers’ demands.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Qandifa to buy more stock for her shop.
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 24, 2012
Jun 12, 2012
Currency Exchange Loss:
Jul 12, 2012