Ilqar 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. Ilqar is looking forward to increased sales in the coming summer because people purchase fruit a lot.
Now he needs a loan of 2,000 AZN. This loan is for the purpose of getting new fertilizer and seeds. It will help him to grow more vegetables and fruits in order to get more revenue in coming summer, which will help him to support his family’s needs. He has a good loan history; this is his 5th 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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