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.
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 AqroinvestAqroinvest 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.
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