Zamiq raises seasonal fruits and vegetables such as corn, cucumbers, tomatoes, apples, pears, peaches, plums, and cherries. He has eight years of experience. Despite the short period he has been in this business, Zamiq has gained respect from local vendors because he produces a good organic crop without chemical fertilizers. Fresh fruits are served on every Azerbaijani family's table and also are used to make fresh punch.
Zamiq sells his crops from his yard and sometimes takes them to the local bazaar. His monthly income is 100 AZN. He would like to expand his business and purchase more seeds and fertilizers to improve the quality of his crops to increase his sales. For this purpose, Zariq applied for a loan of 2,000 AZN. This will be his fifth loan and he has a positive client history.
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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Success!! The loan was 100% repaid