She is a farmer and has raised seasonal fruits and vegetables for the last 20 years. She chose this business because it is profitable and fresh crops are in high demand. People use fresh vegetables every day and consider them healthy, and many national dishes like pilau and dolma are made of vegetables. Fresh fruits are served at every family table in Azerbaijan and also make fresh punch.
Solmaz sells her crop in the central bazaar. Her monthly income is 80 AZN. Her husband actively helps her to raise her crops.
As these products are in high demand, Solmaz wants to expand her business and produce more fruits and vegetables. For this purpose, she applied for a 1,900 AZN loan. She will buy new garden tools, seeds and fertilizers as well as one milk cow. She is a trustworthy client of AqroInvest and it will be her third loan.
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.
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