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Vafa is a 37-year-old woman, married with one adorable daughter. She is a market vendor and sells cosmetics and deodorants, perfume, soap, shampoo and souvenirs. She has four years of experience in this field, which qualifies her as a knowledgeable and skilled person.

The products she sells are very popular among women. Vafa is always friendly and polite with her customers which make her business successful. Her monthly profit is 230 Azerbaijani manats (AZN). As this business is their only financial source, Vafa's husband helps her with the business.

Vafa would like to expand her business and purchase more merchandise to diversify the range of products she sells. For this purpose, she applied for a 1000 AZN loan. She promises to pay back on time.

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
  • 26
    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 $1,275 helped Vafa to purchase more merchandise and diversify her range of products.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 29, 2011
Jan 1, 2012
Currency Exchange Loss:
Feb 15, 2013