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Rafiqa
Rafiqa is 23-year-old young client. She is an IDP person (internally displaced person). She moved from the city of Fuzuli and now lives in the Bilasuvar region with her parents. Rafiqa couldn’t get higher education and because of that she decided to start her own business. For that she chose farming.

She is growing fruits and vegetables in her own yard. Her brother helps her, too. Rafiqa wants to expand her business. The amount of products she sells is not enough to cover the high demand. She would like to grow more fruits and vegetables to increase her turnover as well as improve the living conditions of her partners. For this purpose, she has applied for a 2000 AZN loan. This will be her second loan, and Rafiqa 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 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.

About Azerbaijan

  • $6,171
    Average annual income
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,550 helped Rafiqa to grow more fruits and vegetables.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Covered