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Raqif
Raqif is a 33-year-old client who is married and has 2 kids. He is an IDP (internally displaced person) and lives with his wife in the Bilasuvar IDP Settlement. He is a Fuzulu refugee. He has been growing vegetables and fruits for more than 5 years. He is very hardworking and passionate about his work. He considers it fun to grow potatoes, tomatoes and cucumbers and to plant fruit trees with his wife. He sells his crops in the central bazaar to make profits in order to support his family. Raqif’s income from his business is about 130 AZN.

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 that in the near future his sons will help him to grow the business. Since the vegetable and fruit business is profitable and fun, he wants the business to continue and prosper. He has applied to Aqroinvest for a loan. This loan is for the purpose of buying new fertilizer and seeds. It will help him to grow more vegetables and fruits in order to obtain more revenue in the coming autumn, which will help him to cover 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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Raqif to buy new fertilizer and seeds.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014