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Vusal
Vusal is a 31-year-old young married client with two children. He has always worked in agriculture. For six years, he has had his own crops in the zone where he plants. He produces potatoes, corn and beans to sell and to eat. He sells his potato harvest in the local market. Vusal's wife helps him in this business.

Vusal is asking for a loan 1,000 AZN, which he will use to buy supplies like fertilizers and fungicides for the potato crop, and to prepare land to plant basic grains. His plan is to invest, to give good care to his crops and to get better production and earn profits. This is going to be his first loan. Vusal awaits your support.

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 42
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Vusal to buy supplies like fertilizers and fungicides for the potato crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014