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Rubaba is 56 year-old married woman. She has been running her general store for 15 years. It is an important source of living for her beloved family, since her husband has a very low-income business. Rubaba is requesting her first loan of 2,000 AZN from Kiva partner Aqroinvest CU to increase her business merchandise with special detergents highly requested by her customers. She might also invest part of the loan in buying other special offered products which will attract customers' attention and increase her selling.

She hopes to stay capable of responding to her customers’ needs to make sure that she can easily cover her family's needs

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
  • 81
    View loans »
    Azerbaijan Loans Fundraising
  • $14,526,825
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Rubaba to buy special detergents and other products, which will attract customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 16, 2013
Dec 14, 2013
Currency Exchange Loss:
Feb 20, 2015