Humbat sells his produce in the bazaar and earns an income of 150 Azerbaijani manats (AZN). He has plans for the future, such as acquiring more land for cultivation. He is looking forward to increased sales in the coming summer because people purchase a lot of fruits at that time.
Humbat has applied for a loan of 1800 AZN through Aqroinvest in order to purchase new fertilizers and seeds. These will help him to grow more produce in order to earn more revenue in the summer, which will help him to support his family’s needs.
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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