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Solmaz
Solmaz is a 56-year-old IDP (internally displaced person) woman who lives in the Bilasuvar IDP Settlement with her husband and two children.

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.

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
  • 18
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,425 helped Solmaz to buy new garden tools, seeds, fertilizers and one milk cow.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2014