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Xayyam is 37 years old. For the past 12 years, he has been a farmer who has been raising seasonal fruits and vegetables. Xayyam chose to become a farmer because it is profitable and fresh fruits and vegetables are in high demand. He sells his crops in the central bazaar and his monthly income is 140 AZN. Xayyam has gained enough skills and experience to run his business. People use fresh vegetables everyday and consider them healthy. Many national dishes, such as pilau and dolma, are made of vegetables. Fresh fruits are served on every table in Azerbaijan families and also are used to make a fresh punch.

Xayyam is requesting a 2,000 AZN loan to buy new garden tools, seeds, and fertilizer. This will be his first loan. Xayyam wants to produce more fruits and vegetables to meet market demand and expand his business.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    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 Xayyam to buy new garden tools, seeds, and fertilizer.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Oct 25, 2013
Nov 8, 2013
Currency Exchange Loss: