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Sakine N. is a 43-year-old beloved mother of four children. She rents a place in the local bazaar of the Sabirabad region. She has been running her business for eight years, selling galoshes and tights. Galoshes are very popular among farmers, especially in rural places and for people who seed. They are very comfortable during the raining season.

The business is successful and generates a stable income allowing Sakine to contribute considerably to the family budget. As hers is the only source of income for her family, she needs to expand her business and so she has applied for a loan of 1000 USD. She will use this loan to purchase different socks and shoes. She would like to thank everybody who made the decision to support her.

Additional Information

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
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Sakine to purchase socks and shoes inventory.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Oct 12, 2008
Sep 28, 2008
Currency Exchange Loss:
Feb 15, 2010