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Asif
Asif is 57-year-old man who is married and has two children.

He is a farmer and has raised seasonal fruits and vegetables for the last 10 years. During these years Asif gained enough skills and experience to run the business. He chose this crop business because it is profitable and fresh fruits and vegetables are in high demand.

People use fresh vegetables every day and consider them healthy. Many national dishes, like pilau and dolma, are made of vegetables. Fresh fruits serve every table in Azerbaijan, and families also make fresh punch. He usually sells his crop in the central bazaar. His monthly income is 200 AZN.

As these products are in high demand, Asif wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose he applied for a 1,000 AZN loan. He will buy new garden tools, seeds and fertilizers.

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
  • 32
    View loans »
    Azerbaijan Loans Fundraising
  • $14,042,275
    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 Asif to buy seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Apr 3, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013