For the past two years, he has been selling water hoses for gardens, villas, parks, and for business purposes. This business is very profitable because nobody in town is doing this business.
Nurlan's business requires effort because it makes him commit himself to this occupation. He makes a good profit because of the demand. The hoses are used a lot everywhere because of agricultural activities.
Now, Nurlan has applied for a loan of AZN 1,900 from Aqroinvest Credit Union to buy water hoses. This is his first loan. He believes this loan will have a positive impact on the expansion of his business.
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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