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Tahir
Tahir is 50 years of age. He is a married person. He is also an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. Tahir is a Fuzulu refugee.

He has been growing vegetables and fruits for more than 18 years. He is very hardworking and passionate about his work. He considers it fun to grow potatoes, tomatoes and cucumbers and to plant fruit trees with his wife. He sells his crops in the central bazaar to make profits, in order to support his family. Tahir’s income from this business is 130 AZN [Azerbaijani New Manat].

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 believes that, in the near future, his sons will help him to grow the business. Since the vegetable and fruit business is profitable and fun, he wants the business to continue and prosper. He has applied to Aqroinvest for a loan of 1,900 AZN. This loan is for the purpose of buying new fertilizer and seeds. It will help him to grow more vegetables and fruits in order to obtain more revenue in the coming winter, which will help him to 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 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
  • 46
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,425 helped Tahir to buy new fertilizer and seeds.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Covered