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Zaur
Zaur is a 31-year-old 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 5 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 they are also use to make fresh punch.

Zaur sells his crops in the bazaar. His monthly income is 150 AZN. His wife actively helps him to raise the crops.
These products are in high demand and Zaur wants to expand his business and produce more fruits and vegetables to cover this market demand. For this purpose he has applied for 2000 AZN. He will buy seeds and fertilizers. This will be his 2nd loan and he has a 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    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 Zaur to buy seeds and fertilizers for his fruit and vegetable crops.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 25, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 16, 2014