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Ibrahim
Ibrahim is 51 years of age. He is a married person. For the last two years, he has been working growing fruits and vegetables with his wife. They have their own plot of land, located 10 minutes from their home. Every day Ibrahim goes out with his wife; they work hard, but with enthusiasm, they look after and clean their vegetables in the belief that they will have an excellent harvest. With an excellent harvest, they can generate a higher income.

Ibrahim is in need of a loan of 1,800 AZN (Azerbaijani New Manat) in order to buy farming supplies. He needs to buy fertilizers, seeds and other items.

In the future, Ibrahim dreams of expanding his crops by planting and growing a larger quantity of fruits and vegetables. This way, he can earn a higher income that would allow him to prosper with his family and to give them better opportunities in life. Ibrahim wants to educate his children so that, in the future, they become prepared visionaries who will look after the inheritance Ibrahim will leave them.

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 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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About Azerbaijan

  • $6,171
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,057,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,300 helped Ibrahim to buy farming supplies, including fertilizer and seeds.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2013
Listed
Nov 14, 2013
Currency Exchange Loss:
Covered
Expired:
Jan 13, 2014