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Shafaqat
Shafaqat is a 42 -year-old woman, an internally displaced person (IDP) who lives in Bilasuvar IDP Settlement with her husband and seven children. She is a farmer and has raised seasonal fruits and vegetables for the last 13 years. She chose this business because it is profitable and fresh crops are in high demand. People use fresh vegetables everyday and consider them healthy, many national dishes are made of vegetables, like pilau and dolma. Fresh fruits are served on every table in Azerbaijan families and are also used to make fresh punch. Shafagat sells her crop in the central bazaar. Her monthly income is 250 AZN. Her husband actively helps her to raise crops. As these products are in high demand, Shafagat wants to expand her business and produce more fruits and vegetables to cover market demand. For this purpose she applied for a loan of 2,000 AZN. She 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
  • 29
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    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 Shafaqat to buy new garden tools, seeds and fertilizers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 15, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2014