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Jamal
Jamal is a 39-year-old man, an internally displaced person (IDP) who lives in the Bilasuvar IDP Settlement with his wife and three children. He is a farmer and has raised seasonal fruit and vegetables for the last 12 years. He chose this business because it is profitable and because fresh crops are in high demand. People use fresh vegetables everyday and consider them healthy. Many national dishes made of vegetables, like pilau and dolma. Fresh fruit is served at every table in Azerbaijan families and it is also used to make fresh punch.

Jamal sells his crop in the Bilasuvar Settlement and sometimes at the bazaar. His monthly income is 120 AZN. His wife actively helps him to raise crops.

As these products are in high demand, Jamal wants to expand his business and produce more fruit and vegetables to cover market demand. For this purpose he applied for a loan of 1000 AZN. He will buy new garden tools, seeds and fertilizer. This will be his second loan and he has a good client history.

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
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    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 Jamal to buy new garden tools, seeds and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 16, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013