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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 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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
Sep 10, 2013
Sep 17, 2013
Currency Exchange Loss:
Mar 17, 2015