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Feride
Feride A. is 48 years old. She is married and has four children. She started her business because there was no other way to feed her family as she and her husband were unemployed. Now, she has been running her store for 10 years. She sells different kinds of goods, including kitchen equipment and accessories for girls. Feride is very dynamic and cares for her family. She tries to give her family as much money as possible to cover the school expenses of her children because she dreams that all of them will be well educated. Today, Feride wants to expand her business and to increase her working capital for purchasing new goods to sell. For this purpose, she requests a loan. She is borrowing money for the first time. Your help and support can make her closer to her dreams.

Additional Information

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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $14,249,400
    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 Feride to purchase new goods to sell.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 31, 2008
Listed
Oct 15, 2008
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010