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Firengiz is 55 years old and married with two daughters. She is a market vendor and has sold women's clothes and home products for the last 20 years. She started her business because her husband was unemployment for many years. Now she is a successful entrepreneur with a monthly income of 120 AZN. The products she sells are very popular and Firengiz has very good taste. Her husband helps her a lot to purchase and transport clothes from another city.

She would like to renew her stock and purchase a new collection of women's clothes for the spring season. For this purpose she applied for 1500 AZN. This will be her second loan and she has proved herself a trusted client.

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
  • 25
    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 $1,925 helped Firengiz to buy a new spring collection of women's clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 4, 2013
Mar 21, 2013
Currency Exchange Loss:
Oct 17, 2014