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Oruc
Oruc is a 40-year-old man, married with one son. Oruc is an Internally Displaced Person. He has been raising fruits and vegetables for the last eight years. His father taught him the best experience in raising crops.

Oruc usually sells his crop in the central market. People use fresh vegetables every day and consider them healthy; many national dishes are made of vegetable, like pilau and dolma. Fresh fruits serve every table in Azerbaijan family and also are used to make fresh punch.

Oruc would like to increase the number of products he sells and for this purpose he applied for a 1000 AZN loan. He will use the loan to purchase seeds and fertilizers. He has a positive loan history and this will be his 3rd 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Oruc to buy seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012