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Qandifa is 56 years old and married with three children. She is a market vendor who sells different kinds of goods such as flour, beverages, macaroni, butter and candies. He husband helps her by buying and carrying inventory to the shop. Profits from her shop are her family’s sole income.

Qandifa has eighteen years’ experience in her business. The food she sells is very popular among people and in high demand. She is a very successful entrepreneur because of her extensive knowledge of the market and her clients’ demands. She also has a good location in the central bazaar. Her monthly profits come to 200 AZN.

Qandifa has applied for a 1500 AZN loan from Aqroinvest Credit Union. This will be her second loan and she has a good client history. She will buy more stock and diversify its range to cover customers’ demands.

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
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,897,700
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
A loan of $1,925 helped Qandifa to buy more stock for her shop.
Repayment Term
17 months (Additional Information)
Repayment Schedule
May 24, 2012
Jun 12, 2012
Currency Exchange Loss:
Jul 12, 2012