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Fatma
Fatma is 56-year-old woman, an internally displaced person (IDP) who lives in the Bilasuvar IDP Settlement. She is divorced and lives with her parents. She is a farmer and has raised seasonal fruits and vegetables for the last 10 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; many national dishes made of vegetables, like pilau and dolma. Fresh fruits serve every table in Azerbaijan family and also make fresh punch.

Fatma sells her crop in the central bazaar. Her monthly income is 110 Azerbaijanian Manats (AZN). Her father helps her to sell her crop.

As these products are in high demand, Fatma wants to expand business and produce more fruits and vegetables to cover market demand. For this purpose she applied for 1500 AZN. She will buy new garden tools, seeds and fertilizers. This will be her third loan and she 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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Fatma to buy new garden tools, seeds and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2012
Listed
Dec 3, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013