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Elvin
Elvin is 29 years old and a father of two children. He is an IDP (internally displaced person) from Jabrayil and lives with his wife and children in the Bilasuvar IDP Settlement. Elvin has been growing vegetables and fruits for more than five years now. He is very hard working and passionate in his work. He considers it fun to grow potatoes, tomatoes, and cucumbers and plant fruit trees with his wife. He sells his crops in the central bazaar to make a profit in order to support his family.

Elvin's income from this business is 100 AZN a month. In order to improve the living conditions of his family, he plans to expand his business. This requires a lot of dedication and effort. He believes in the near future he will grow the business. Since the vegetable and fruit business is profitable and a fun business, he wants the business to continue and prosper.

He has applied for a loan of 2,000 AZN at Aqroinvest. 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.

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.

About Azerbaijan

  • $6,171
    Average annual income
  • 16
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Elvin to buy new fertilizers and seeds.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Covered
Expired:
Aug 5, 2013