Amil grows vegetables and fruit and sells them in the bazaar. His income from selling these items is 150 AZN. He has more plans for the future, such as to get more land for cultivation. Amil is looking forward to increased sales in the coming summer because people purchase a lot more fruit.
Now he needs a loan of 2,000 AZN. This loan is to buy new fertilizer and seeds to help him to grow more vegetables and fruit. He hopes to earn more revenue in the coming summer, which will help him to support his family’s needs. He has a good loan history; this is his fourth loan.
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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