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Vuqar
Vuqar is a 44-year-old man. He is an IDP who lives in the Bilasuvar IDP Settlement with his wife and two children. After several attempts to find a job he decided to start his own business. He is farmer and has raised seasonal fruits and vegetables for the last 10 years.

He 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 are made from vegetables, like pilau and dolma. Fresh fruits are served on ever Azerbaijan family’s table and are also used to make fresh punch.

Vuqar sells his crops in the Bilasuvar central bazaar. His monthly income is 100 AZN. His wife actively helps him to raise the crops.
As his products are in high demand, Vuqar wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose he applied for 1700 AZN. He will buy new garden tools, seeds and fertilizers. This will be his 3rd loan and he has positive loan 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
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Vuqar to buy seeds, new garden tools and fertilizers for his seasonal fruit and vegetable crops.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2012
Listed
Jan 20, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014