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Rafiq
Rafiq is a 48 year old man, who lives in Bilasuvar IDP Settlement with his wife and three children. He is a farmer and has been raising seasonal fruits and vegetables for the last 20 years. During these years Rafiq gained enough skills and experience to run the business. He chose this crop business because it is profitable and fresh fruits and vegetables are in high demand.

People use fresh vegetables everyday and consider them healthy. Many national dishes are made of vegetables, like pilau and dolma. Fresh fruits serve every table in Azerbaijan families and also make a fresh punch. He usually sells his crop in the central bazaar. His monthly income is 140 AZN.

As these products are in high demand, Rafiq wants to expand his business and produce more fruits and vegetables to meet market demand. For this purpose he applied for 1,800 AZN. He will buy new garden tools, seeds and fertilizers. This will be his fifth loan and he has a good client history.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Rafiq to buy more fruits and vegetables.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2012
Listed
Dec 3, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013