He grows seasonal fruits and vegetables such as corn, cucumber, tomatoes, apples, pears, peaches, plums, and cherries. He has eight years of experience, but in spite of the short period he has been in this business, he 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 used to make fresh punch.
Sadaddin sells his crop from his yard and sometimes takes it to the local bazaar. His monthly income is 100 AZN and he would like to expand his business and purchase more seeds and fertilizers to improve the quality of his crops and increase his sales. For this purpose, he applied for a loan of 1000 AZN. This will be his first loan.
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.
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Success!! The loan was 100% repaid