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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 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

  • $6,171
    Average annual income
  • 47
    View loans »
    Azerbaijan Loans Fundraising
  • $14,143,375
    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