Check out some available loans that are similar to this one!
Elshad is a 28-year-old married man. He lives with his family in an internally displaced persons (IDP) settlement, as he is an IDP. Elshad raises seasonal fruits and vegetables such as corn, cucumber, tomatoes, apples, pears, peaches, plums, and cherries. He has two years of experience, but in spite of the short period he has been in this business, he has gained respect from local vendors because he produces a good organic crop without chemical fertilizers.

People use fresh vegetables everyday and consider them healthy. Many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served on every Azerbaijani family's table and also used to make fresh punch.

Elshad sells his crop from his yard and sometimes takes it to the local bazaar. His monthly income is 100 AZN and he would like to expand his business and purchase more seeds and fertilizers to improve the quality of his crops to increase his sales. For this purpose, he applied for a loan of 1500 AZN. This will be his second loan and he has a positive client history.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities. 

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
  • 11
    View loans »
    Azerbaijan Loans Fundraising
  • $13,933,925
    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 Elshad to buy seeds and fertilizers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 26, 2012
Aug 15, 2012
Currency Exchange Loss:
Nov 17, 2013