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Rashid
Rashid, age 54, is a farmer. He is an IDP (internally displaced person) and lives with his wife and son in the Bilasuvar IDP Settlement. He has been raising seasonal fruits and vegetables for the last 10 years. He chose this business because it is profitable and because there is always a high demand for fresh crops. People use fresh vegetables every day and include them in many national dishes, such as pilau and dolma. Fresh fruits are served at every family table in Azerbaijan and are often made into fresh punch.

Rashid sells his crops in the BIlasuvar central bazaar. His monthly income is 100 AZN. His wife actively helps him to raise his crops. Rashid also receives a pension.

As his products are in high demand, Rashid wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose, he has applied for a loan in the amount of 2,000 AZN. He will buy seeds and fertilizers with his loan funds. This will be his fifth 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
  • 20
    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 $2,550 helped Rashid to buy seeds and fertilizers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2014