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Tamella is a 57-year-old widow and mother of 4 kids. For the past 10 years, she has worked as a market vendor selling goods such as flour, beverages, macaroni, butter and candies. Tamella has a deep knowledge of the market and client demand. She also breeds cattle. Tamella's food products are very popular and in high demand and she earns 200 AZN monthly. Her sons help with purchasing products and bringing them to the shop. This business is the sole income for her family. Tamella is a very successful entrepreneur and her shop is in a good location in the central bazaar of her home city.

Now she is requesting a loan of 1,900 AZN to purchase more food products and diversify the range of goods she offers to meet customer demand.

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 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
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $14,345,975
    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 Tamella to purchase more food products and diversify the range of goods she offers to meet customer demand.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 6, 2013
Sep 14, 2013
Currency Exchange Loss:
Mar 17, 2015