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Xayyal
Xayyal is a young married man who is 25 years old. He has one daughter. Xayyal is an IDP (internally displaced person) and lives with his family in the Bilasuvar region. He manages the planting and harvesting of fruits and vegetables on his own land. Xayyal has been involved in farming for five years. He is the only breadwinner of the family and, to meet his family's everyday needs, he works every day. His wife assists him greatly in his horticultural activities.

To be able to continue his agribusiness in a sustainable way, Xayyal needs a loan of 2,000 AZN in order to purchase seeds and fertilizer. He and his family are very thankful to all the lenders for helping them sustain their agribusiness.

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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,550 helped Xayyal to purchase seeds and fertilizer.
77% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Covered