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Parvana
Parvana is a 45-year-old woman who runs a private business. She is a market vendor and her primarily activity is selling food products. She has been selling different kinds of goods such as yoghurt, sausages, candies, cookies and macaronis for the last 10 years. She is responsible for her two daughters and a son.

Her business brings her a stable income of about 300 AZN. Her daughter helps to sell products from the shop. Parvana would like to increase her income and for this purpose she applied for 1,800 AZN. She will use this loan to diversify and purchase more products for her shop. This will be her fifth loan and she has had a good loan history since 2003.

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

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Parvana to buy more foods to cover the needs of customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014