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Aydin
Aydin is 37 years of age and married. He is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He is a farmer and has been raising seasonal fruits and vegetables for the last 12 years. During these years, Aydin gained enough skills and experience to run the business. He chose this crop business because it is profitable and because fresh fruits and vegetables are in high demand. People use fresh vegetables everyday and consider them to be healthy. Many national dishes are made of vegetables, like pilau and dolma. Fresh fruits serve every table of Azerbaijan families and also make a fresh punch. He usually sells his crop in the central bazaar. His monthly income is 140 AZN.

As his products are in high demand, Aydin wants to expand his business and produce more fruits and vegetables to meet market demand. For this purpose he applied for 2,000 AZN. He will buy new garden tools, seeds and fertilizers.

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
  • 24
    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 $2,575 helped Aydin to buy new garden tools, seeds and fertilizers.
62% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Covered