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Khayala
Khayala is a 32 year-old woman who is married and has two daughters. She is a market vendor and sells different kind of goods such as flour, beverages, macaroni, butter and candies, soap, shampoo, washing powder and so on. She has four years of experience and has a deep knowledge of the market and demands of clients.

The food products she sells are very popular among people and in high demand. Her monthly profit from selling foods is 130 AZN. Her husband helps to purchase products and bring them to the shop. This is the only income in her family. Her shop is located not far from the home where she lives. Neighbors can come and ask her to sell any product and she never refuses. This makes her business flourish.

She applied for 1900 AZN loan to purchase more products and diversify the range of goods to cover customers` demands. This will be her third loan, and she is a trustworthy client of AqroInvest CU.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 14
    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 $2,425 helped Khayala to buy more food products and merchandise to increase her turnover.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014