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Zumrud
Zumrud is a 46-year-old married woman with two children. She's been growing seasonal fruits and vegetables for the last 7 years. During autumn, winter and spring she primarily grows pumpkins. Pumpkin is a very popular product, and people consider it as one of the healthiest. People use it in national dishes such as qutab and pilau. One of the main positive features of pumpkin is that it can stand for more than two months and not rot. Zumrud usually sells her crops in the central bazaar as well as to neighbors. Her monthly income is 350 Azerbaijani manats (AZN).

Now Zumrud wants to increase the number of products she sells. She needs additional capital to invest in her business to buy seeds and fertilizers. AqroInvest Credit Union provided her with a 1000 AZN loan.

Additional Information

About Aqroinvest

Aqroinvest Credit Union was founded by a group of 32 Imishli farmers in 2001, and has grown to become one of the largest credit unions in Azerbaijan. It boasts a portfolio of nearly $5 million and is wholly owned by its more than 3,500 borrowers, as of December 2011.

You can join Aqroinvest's Kiva lending team, Aqroinvest Dostları (Friends of Aqroinvest), and become a fan of the organization on Facebook here.

About Azerbaijan

  • $6,171
    Average annual income
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    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 Zumrud to purchase seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012