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Xatira
Xatira is 52 years old, married, and the mother of three children. She is a very caring mother. Her first goal is to give her children a good life. For that, she is working every day without rest.

Xatira is opting for a new loan because she needs more working capital in order to continue investing in her business. This investment will help her to buy raw materials for making bread, such as flour, sugar, eggs, firewood, and more. Her previous loan helped her to grow her business and have everything necessary in order to work. This is why her economic condition has improved, as well as her family circumstances.

Xatira has already borrowed five loans from Aqroinvest in the past. With a good loan history, she has applied for her sixth loan of 1,800 AZN. She believes this loan will have a positive impact on the expansion of her business.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,300 helped Xatira to buy raw materials for making bread.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 28, 2013
Currency Exchange Loss:
Covered