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Xalil
Xalil is 43 years of age and married. Xalil is an IDP (internally displaced person) and lives with his family in the Bilasuvar IDP Settlement. He is raising 3 daughters with his wife. His wife stays at home, so he is the only one making an income for the family. For 10 years, he has grown fruits and vegetables in his yard and sold them in the bazaar. In this business, his wife also helps him, and from this business, his monthly profit is 100 AZN.

In Azerbaijan, fruit is in very high demand because people like to eat fresh fruit a lot. Besides his fruit, he also sells flowers. Xalil is really optimistic about the future, regarding the expansion of his business in order to raise the standard of living of his family. For this, he has applied for a loan of 2,000 AZN. He has taken a loan from Aqroinvest before. He is considered a good customer and this is his 2nd loan.

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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 15
    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 Xalil to raise the standard of living of his family by expanding his business.
83% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Covered