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Asif is a 39-year-old man. He is married and has three children. He is an Internally Displaced Person (IDP) and lives with his family in an IDP Settlement. He is a farmer and raises seasonal fruits and vegetables in his garden on his land. He has 10 years of experience in this field, and hence, market vendors respect him and consider his crop natural.

He usually sells cucumber, tomato, potato, carrot, pumpkin, and greens. He has a stable income of 160 AZN. He uses only organic fertilizers on his land. Fresh vegetables are very popular in Azerbaijan, and people consider them healthy. Many national dishes, such as pilau and dolma, are made of vegetables. Fresh fruits are served on every family’s table in Azerbaijan and are also used to make fresh punch.

Now, Asif applied for a 1000 AZN loan to purchase seeds and fertilizer and to increase his sales.

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
  • 17
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 26, 2012
Aug 15, 2012
Currency Exchange Loss:
Jul 17, 2013