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Vaqif
Vaqif is a 40-year-old young man who is very hardworking and friendly. He is an internally displaced person (IDP) who lives with his two daughters and wife in an IDP settlement. He raises seasonal fruits and vegetables in his garden. He has 10 years of experience in this field. With the help of AqroInvest, he was able to start his business.

Vaqif usually sells his crops from his yard. 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 many families' tables in Azerbaijan and are also used to make fresh punch. He primarily raises grapes, pears, apples, peaches and plums as well as tomatoes, potatoes, cucumbers and carrots. His monthly income is 90 AZN.

Vaqif has applied for a loan of 1,000 AZN to purchase seeds and fertilizers to increase his income.

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
  • 45
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    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 Vaqif to buy seeds and fertilizers to increase his income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 20, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013