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Murvat
Murvat is a 31-year-old man living in Bilasuvar IDP Settlement with his wife and two daughters.



He is farmer. For the last three years, he has grown and harvested seasonal fruits and vegetables, which he sells in the Bilasuvar central bazaar. His monthly income is approximately 340 AZN. His wife actively helps him to raise crops.



Murvat joined AqroInvest to gain access to financial services to thereby improve his living situation and his ability to engage in business activities. He is seeking a loan in the amount of 1,000 AZN through AqroInvest and Kiva to purchase additional vegetables to sell in his business. With the anticipated profits generated from the business as a result of the loan, he would like to educate his daughters. In the future, Murvat dreams of opening a retail shop.

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

  • $10,800
    Average annual income
  • 10
    View loans »
    Azerbaijan Loans Fundraising
  • $14,235,200
    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 Murvat to purchase additional vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Mar 6, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012