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Rashad
Rashad is 28 years old. He is an IDP (internally displaced person) who lives in the Bilasuvar IDP Settlement with his wife and two children. He is farmer who has grown seasonal fruits and vegetables for the last five 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, such as pilau and dolma. Fresh fruits serve every family's table in Azerbaijan. They are also used to make fresh punch.

Rashad sells his crop in the Bilasuvar central bazaar. His monthly income is 250 AZN. His wife actively helps him to grow the crops.

As these products are in high demand, Rashad wants to expand his business and produce more fruits and vegetables to meet market demand. For this purpose he applied for 600 AZN. He will buy new garden tools, seeds and fertilizers.

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
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Rashad buy new garden tools, seeds, and fertilizers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 7, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014