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Sevindj H. is a 32-year-old married mother who has been selling kids’ toys in a central, local shop for 7 years. During these years, the business has become successful, allowing Sevindj to support herself and her family. Now she is planning to increase her stock and her range of goods, and to purchase the toys wholesale. She is requesting a loan of 1500 AZN for this purpose. An active and strongly motivated client of AqroInvest since 2006, her credit history makes her eligible to receive new, larger loans. Sevindj thanks everyone supporting her and promises to repay the loan in a timely manner.

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
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,902,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Sevindj to increase her stock and range of goods.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 11, 2011
May 18, 2011
Currency Exchange Loss:
Nov 15, 2011