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Gunay is 25-year-old married woman with one son. She is an IDP (internally displaced person).

She is farmer who raises seasonal fruits and vegetables. She is a skilled person in this field with five years of experience. Her husband is a builder, but his salary of 60 AZN is too low to cover family needs. He helps her with the farming.

Gunay usually sells her crop in the central bazaar every two weeks. People use fresh vegetables everyday and consider them healthful. Many national dishes made of vegetables, like pilau and dolma. Fresh fruits are served at every table in Azerbaijan and are also used to make fresh punch. Her monthly income is 150 AZN.

She needs additional capital to invest in seeds and fertilizers and new garden tools. This will allow her to improve the quality of products she raises and increase her monthly turnover. For this purpose she applied for 2,000 AZN. This will be her second loan and she a has 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
  • $13,919,450
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Gunay to buy seeds and fertilizers and new garden tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 5, 2012
Dec 3, 2012
Currency Exchange Loss:
Dec 19, 2013