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Shalala is 44 years old. She is married with five children. Shalala sells stationery in her shop. She has selling experience from the past one year. She knows customers' needs and she has reliable providers because Shalala was a market vendor in a grocery store.

Previously she used to sell various products in her shop. Now she is focused only on selling items for school children and students. She is running the business with the support of her husband. She has a shop in the central bazaar.

Shalala has good sales, due to her location near schools and other educational centers. She has taken three loans from AqroInvest previously. Now she requires a loan of 2000 AZN. With this money she plans to purchase more items for the new semester, when pupils and students return to attend schools and colleges.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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 $2,550 helped Shalala to purchase more items for the new school semester.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Nov 6, 2013
Currency Exchange Loss:
Mar 17, 2015