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.
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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