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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 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
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $14,200,075
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,575 helped Xalil to raise the standard of living of his family by expanding his business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2015