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Shucaat
Shucaat is 39-year-old married man, and he has 3 children. He is an IDP (internally displaced person) and lives with his family in the Agdash IDP Settlement. He is a Fuzulu refugee.

He is a market vendor and sells seasonal fruits from his place in a central bazaar and also from his home. Shucaat has 10 years of experience in this field. He knows customers' needs and he has reliable providers.

He chose this business because it is profitable and brings stable income. People use fresh vegetables every day and consider them healthy, and many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served on every table of Azerbaijan's families and the fruits also make fresh punch. His monthly income is approximately 120 AZN.

Shucaat applied for a 1,000 AZN loan to purchase more fruits and vegetables and thus increase his monthly turnover. This will be his 1st loan and he has a good client 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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $10,800
    Average annual income
  • 10
    View loans »
    Azerbaijan Loans Fundraising
  • $14,235,200
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Shucaat to purchase more fruits and vegetables and increase his monthly turnover.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2014