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Asaf
Asaf is 33 years old and married, but does not yet have any children. He is an IDP (Internally Displaced Person) and lives in an IDP Settlement with his wife. He has had his own agricultural business for the last six years, and has built a greenhouse on a small piece of land where he grows vegetables. When his crops are ready he goes out and sells them in different markets near his home. This is a good business to be in because in Azerbaijan there is a daily demand for fruits and vegetables for people to use when making traditional meals. He has already taken out one prior loan from Aqroinvest and successfully repaid it. He is requesting a second loan for 2,000 AZN to buy mineral fertilizers in order to improve his soil and get a good harvest. He appreciates your support.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,991,525
    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 Asaf to buy fertilizers.
83% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 6, 2013
Listed
Nov 18, 2013
Currency Exchange Loss:
Covered