Check out some available loans that are similar to this one!
Vaqif
Vaqif is 30 years old, married and father of four children. He is a well-known fruit seller in his town. Vaqif has dedicated 30 years of his life to this activity.

Vaqif says, "I love my business because it is my only source of income.”

Vaqif has a need to expand his business by buying fruit trees, to get more land for cultivation and to get his daughters married. His first goal is growing his fruit business so he can take care of financial needs of his family.

Now it is summer time and Vaqif needs more varieties of fruit to sell because of increasing demand.

He needs a 2000 AZN loan to increase his stock of fruit. Vaqif has a good loan history and this is his fourth loan. He hoped for your support.

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.

Tags

About Azerbaijan

  • $10,800
    Average annual income
  • 21
    View loans »
    Azerbaijan Loans Fundraising
  • $14,289,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Vaqif to increase his stock of fruit.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Covered
Expired:
Aug 3, 2013