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Zamiq
Zamiq is a 30-year-old married man who is an IDP (internally displaced person) and lives with his family in Bilasuvar IDP Settlement.

Zamiq is a farmer and raises seasonal fruits and vegetables. He has six years of experience in this field, which makes him an experienced and skilled person in this field.

Zamiq usually sells his crop to the market vendors in his area. People use fresh vegetables every day and consider them healthful. His monthly income is 100 AZN. Raising crops takes a lot of strength, in addition to working in the open air. This is very hard work, and that's why his wife is helping him in this business.

He needs additional money to invest in seeds and fertilizers. This will allow him to improve the quality of products he raises and increase his monthly turnover. For this purpose, he has applied for 2,000 AZN. This is going to be his first 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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,953,050
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Zamiq to invest in seeds and fertilizers.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Covered
Expired:
Feb 22, 2014