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Firengiz is a 55-year-old women who is married with one daughter. For the past 20 years, she has been a vendor who sells different kind of goods, such as candy, cookies, butter, macaroni, and beverages, in her shop. Firengiz considers herself to be a knowledgeable and skilled person. The products she sells are very popular in Azerbaijan and quickly leave her shelves. She makes 200 AZN profit.

Firengiz is requesting a 1,000 AZN loan to purchase more merchandise for her shop. This will be her second loan and she has a good client history. Firengiz hopes to expand her business.

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 $1,275 helped Firengiz to buy more merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 29, 2012
Aug 6, 2012
Currency Exchange Loss:
Apr 17, 2013