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Qandifa
Qandifa is a 57-year-old woman and a widow who raises her two children alone. She is a market vendor and sells different kind of goods like shampoos, flour, beverages, macaroni, butter, and candies. She has 16 years of experience and has a deep knowledge of the market and the demands of her clients. Since her husband’s death, she has received social financial support, but it is too low to cover her family's demands.

The food products Qandifa sells are very popular among people and in high demand. Her monthly profit from selling foods is 200 AZN. Her sons help in purchasing products and bringing them to the shop. This is the sole financial income for her family. She is a very successful entrepreneur because of her good location in the central bazaar of her home city.

She applied for a loan of 1,800 AZN to purchase more food products and diversify the range of goods to cover her customers` demands.

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.

Tags

About Azerbaijan

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    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 Qandifa to purchase more food products and diversify the range of goods to cover her customers` demands.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2015