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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 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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 44
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    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