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Elza
Elza is a 44-year-old married woman. She is an internally displaced person (IDP) and lives with her family in an IDP settlement. She is a farmer who grows seasonal fruits and vegetables. She has seven years of experience in this field, which makes her experienced and skilled.

Elza usually sells her crops in the central bazaar. People use fresh vegetables every day and consider them healthy. Many national dishes are made of vegetables such as pilau and dolma. Fresh fruits are served on most families' tables in Azerbaijan and are also used to make fresh punch. Her monthly income is 120 AZN. Raising crops requires a lot of strength, which is why her husband helps.

Elza needs additional capital to buy seeds and fertilizers. This will allow her to improve the quality of the products she raises and increase her monthly turnover. For this purpose, she has applied for a loan of 1,000 AZN. This will be her third loan and she has a good 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 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
  • 27
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    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 Elza to buy seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Sep 20, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 17, 2013