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Saleh
Saleh is 62 years old; he is married and has two sons and one daughter. Saleh has been raising seasonal fruits and vegetables for the past 13 years. He chose this business because it is profitable and because there is always high demand for fresh food. People use fresh vegetables every day, and include them in many national dishes, such as pilau and dolma. Fresh fruits are served at every family table in Azerbaijan and are often made into fresh punch.

Saleh sells his crops in the Imishli central bazaar. His monthly income is 200 AZN; Saleh also receives a pension. His son actively helps him raise his crops.

As his products are in high demand, Saleh wants to expand his business and produce more fruits and vegetables to meet market demand. For this purpose, he has applied for a loan of 1,900 AZN. He will buy seeds and fertilizer with his loan.

This will be his seventh loan, and he has a positive loan history.

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
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,425 helped Saleh to buy seeds and fertilizer.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Expired:
Sep 26, 2013