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Maftuna
Maftuna is a 29-year-old woman, an internally displaced person (IDP) who lives in the Bilasuvar IDP Settlement with her husband and two children. She is a farmer and has raised seasonal fruit and vegetables for the last 8 years. She chose this business because it is profitable and because fresh crops are in high demand. People use fresh vegetables everyday and consider them health. Many national dishes are made of vegetables, such as pilau and dolma. Fresh fruit is served at every table in Azerbaijan families and is also used to make fresh punch.

Maftuna sells her crop in the central bazaar. Her monthly income is 110 AZN. Her husband is a builder, buy doesn’t have a permanent job. He actively helps her to raise crops.

As these products are in high demand, Maftuna wants to expand her business and produce more fruit and vegetables to cover market demand. For this purpose she applied for a loan of 1000 AZN. She will buy new garden tools, seeds and fertilizer. This will be her second loan 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Maftuna to buy new garden tools, seeds and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013