Adil chose this crop business because it is profitable and fresh fruits and vegetables are in high demand. People use fresh vegetables every day and consider them healthy. Many national dishes are made of vegetables, such as pilau and dolma. Fresh fruits are served on every family table in Azerbaijan and are also used to make fresh punch. Adil usually sells his crops in the central bazaar. His monthly income is 130 AZN.
As these products are in high demand, Adil wants to expand his business and produce more fruits and vegetables to meet market demand. For this purpose he applied for a loan of 1,500 AZN. He will buy new garden tools, seeds, and fertilizers.
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 AqroinvestAqroinvest 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.
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Success!! The loan was 100% repaid