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Arzu
Arzu is a 37-year-old woman. She is divorced and raises two sons alone. She is a market vendor and sells different kinds of products such as shampoo, soap, and detergents. She has four years of experience and has deep knowledge of market and demand of clients.

The food products she sells are very popular among people and in high demand. Her monthly profit from selling foods is 150 AZN. Her son helps to purchase the products and bring them to the shop. This is the sole financial income in her family. She is a very successful entrepreneur because of a good location in the central bazaar of her home city. However, it is hard to cover the needs of two children, and Arzu would like to expand her business.

She applied for a 1,000 AZN loan to purchase more products and diversify her range of goods to cover her customers` demands. 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
  • 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 $1,275 helped Arzu to buy merchandise to increase turnover.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013