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Yegana, a 54-year-old woman raising five children alone, grows seasonal fruits and vegetables, having previously bred cattle for more than 10 years. An IDP living in the Bilasuvar IDP Settlement, she receives 40 AZN in financial support from the government monthly, but this is too low to cover family needs. Assisted by her son, Yegana sells her crops in the central bazaar, earning a monthly income of 300 AZN, and this business is the family's main source of income.

People use fresh vegetables everyday and consider them healthy, with many national dishes being made of vegetables such as pilau and dolma. Fresh fruits serve every table in the average Azerbaijan family, so Yegana wants to expand her business and improve her family's living conditions. She is therefore requesting her third loan for 1500 AZN to purchase 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

  • $10,800
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,344,150
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Yegana to buy new garden tools, seeds and fertilizers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 14, 2012
Jul 6, 2012
Currency Exchange Loss:
Sep 17, 2013