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Elnur
Elnur is 39 years old and married, but does not have any kids yet. He is an IDP (internally displaced person) and lives with his wife in the Bilasuvar IDP Settlement. He is growing fruits and vegetables. He plants tomatoes, potatoes, eggplants, and other vegetables and fruits. He says, even though this business is very hard, he and his wife have been handling the business for 10 years without any difficulty. Elnur grows vegetables and fruits and sells them in the bazaar. His income from vegetable and fruit sales is 150 AZN. He has more plans for the future, such as to get more lands for cultivation. He is looking forward to the increased sales in the coming summer because people purchase many fruits. Nowadays, he needs a loan of 1,800 AZN. This loan is for the purpose of getting new fertilizers and seeds. It will help him to grow more vegetables and fruits in order to get 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 third loan.

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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 39
    View loans »
    Azerbaijan Loans Fundraising
  • $14,085,050
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Elnur to buy new fertilizers and seeds for his agriculture business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015