Bahar usually sells her crop in the central bazaar. People use fresh vegetables everyday and consider them healthy. Many national dishes, like pilau and dolma, are made of vegetables. Fresh fruits serve every table in the Azerbaijan family and also make fresh punch. Bahar's monthly income is 80 AZN. Working in the open air and raising crops is taking a lot of strength, which is very hard for a woman and that why her son and husband help Bahar.
She needs additional capital to invest in seeds and fertilizers. This will allow her to improve the quality of products she raises and increase monthly turnover. For this purpose Bahar applied for 1,400 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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