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Hafiza H.'s store is situated in the outskirts of her town, where she sells adornments, accessories, parfum and cosmetics. She is married and has four children. She is going to open another store in the center of the city. She borrowed a $1200 USD loan to help improve her store, and she plans to use this loan from Aqroinvest CU to reach her goal of opening a second store.

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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Hafiza mrs. Hasanova would like to open another cosmetics store in the center of the city.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 24, 2007
Jun 29, 2007
Currency Exchange Loss:
Feb 15, 2009