Faiq is a farmer who grows fruits and vegetables--including tomatoes, potatoes, and eggplant--to sell in the bazaar. He is very kind, caring, and energetic in his work. He chose not to study beyond high school, but instead continued the family tradition through this business. Even though this work is very hard, he and his mother have been handling the business for 5 years without any difficulty.
His income from these fruit and vegetable sales is 150 AZN. He has plans for future, including his desire to acquire more land for cultivation, to marry, and to have a big family. Faiq has taken two loans from Aqroinvest in the past. With a good loan history, he has applied for third loan of 1800 AZN.
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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