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Asif
Asif is 41 years old and married. He has been growing vegetables and fruits for more than 17 years. He is very hard-working and passionate about his work. He enjoys growing potatoes, tomatoes and cucumbers and planting fruit trees with his wife. He sells his crops in the central bazaar to make profits in order to support his family. Asif’s income from his business is 80 AZN per month. In order to improve the living conditions of his family, he plans to expand his business. This requires a lot of dedication and effort. He is requesting a loan of 1,000 AZN to buy new fertilizer and seeds. It will help him grow more vegetables and fruits in order to keep revenue coming in during the winter, which will help him cover his family’s needs.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 19
    View loans »
    Azerbaijan Loans Fundraising
  • $13,949,600
    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 Asif to buy new fertilizer and seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2013
Listed
Nov 11, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014