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Mahbuba
Mahbuba is a widow with 2 daughters. She lives and runs her business in Agsu region. Mahbuba rents a facility that serves as a grocery store. She sells food items, as well as household chemicals and other small items. Mahbuba decided to try her luck as a private entrepreneur eight years ago when her husband died. Currently, her net monthly profit is 350 AZN.

Mahbuba requested a loan of 2000 AZN to purchase a batch of goods wholesale, i.e. tea, coffee, sugar, etc. This is her third loan from AqroInvest. One of her long-term plans is to purchase the facility she is renting at the moment and own it.

Additional Information

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Mahbuba to purchase a batch of goods wholesale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2012
Listed
Oct 9, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2013