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Emil
Emil is 30 and married with two children. He raises fruits and vegetables in his garden and has been doing it for the last five years. He is a very experienced farmer and has deep knowledge of his land and how to operate it.

Emil usually raises seasonal fruits and vegetables and sells them for a profitable price in the central bazaar. Fresh fruits and vegetables are very popular and in high demand because people prefer to eat them every day and consider them very healthy. Also, one of the favorite national dishes, Dolma, is made of fresh eggplants, peppers and tomatoes. His monthly income from this business is 250 AZN. This is the only source of income in his family.

Now Emil would like to invest more capital in his business and purchase seeds and fertilizers. For this purpose, he applied for a loan of 1,000 AZN. This is the only source of income in his family and hopes this loan will improve the life of his family.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,953,050
    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 Emil to purchase seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012