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Vusala
Vusala is a 31-year-old young woman who is very friendly and hardworking. She is divorced and lives with her family. Vusala did not receive a degree, so when she divorced she needed to find some other way to support herself. To this end, for the past four years Vusala has grown fruits and vegetables to sell.


During these years Vusala has gained enough skill and experience to run her farm, thanks to her father`s own experience as a farmer. She chose this profession because it is profitable. She usually sells her crops in the central bazaar, earning a monthly income of 120 AZN.


In her country fresh fruits and vegetables are in high demand. Fruit and fresh fruit drinks are often found on an Azerbaijan family’s table. People also use fresh vegetables every day and consider them healthy. Many national dishes such as pilau and dolmas are made from vegetables.


As fresh produce is in high demand, Vusala wants to expand her farm. She knows producing more fruits and vegetables to meet market demands will increase her monthly income. For this purpose she has applied for a 1000 AZN loan from Aqroinvest Credit Union. With it she will buy new garden tools, seeds and fertilizer.

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
  • 20
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    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 Vusala to buy new garden tools, seeds and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 11, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013