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Matanat is 39, married and a loving mother of one daughter. She has been buying and selling fruits and vegetable for about twelve years. Her husband is unemployed and helps with this business too. Matanat wants to improve her standard of living by expanding her business and earning profits.

She wants to obtain a loan of 1300 AZN to purchase of a new variety of goods. AqroInvest has been a significant part of Matanat´s business, having provided loans which have been used to expand the business.

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
  • 45
    View loans »
    Azerbaijan Loans Fundraising
  • $14,691,500
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Matanat purchase a variety of fruits and vegetables.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 14, 2011
Oct 11, 2011
Currency Exchange Loss:
Dec 15, 2012