Elburus raises fruits and vegetables in his garden, and he has been doing this for the past eight years. He is a very experienced farmer and has a deep knowledge of the land and how to work it.
Elburus usually grows seasonal fruits and vegetables and sells them for a profitable price in the central bazaar. Fresh fruits and vegetables are very popular and in high demand because people like to eat them every day and consider them very healthy. Also one of the favorite national dishes, dolma, is made of fresh eggplants, peppers, and tomatoes.
Elburus's monthly income from this business is AZN 120. This is the only source of income in his family.
Now he would like to invest more capital in his business and purchase seeds and fertilizer. For this purpose, he has applied for a loan of AZN 2,000. He hopes this loan will improve life for his family.
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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