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Rahman
Rahman is a 45-year-old man. He is an IDP who lives in the Bilasuvar IDP Settlement with his wife and three children. He is a 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 of vegetables, like pilau and dolma. Fresh fruits are served on every table in Azerbaijan and are also used to make fresh punch.

Rahman sells his crops in the Bilasuvar Settlement and sometimes in the bazaar. His monthly income is 120 AZN. His wife actively helps him to raise the crops.
As his products are in high demand, Rahman wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose he applied for 2000 AZN. He will buy new garden tools, seeds and fertilizers. He has a long loan history with AqroInvest and has used this credit union more than five times, which proves he is a responsible person.

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
  • 64
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,550 helped Rahman to buy new garden tools, seeds and fertilizers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2013
Listed
Feb 7, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014