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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 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.

About Azerbaijan

  • $6,171
    Average annual income
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    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