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Muqabil
Muqabil is 26 years old. He is an IDP (internally displaced person) and he lives with his parents in the Bilasuvar IDP Settlement.

He is a farmer and he has raised seasonal fruits and vegetables for the last four years. During these years, Muqabil gained enough skills and experience to run the business. He chose this crop business because it is profitable and fresh fruits and vegetables are in high demand. He usually sells his crop in the central bazaar. His monthly income is AZN 100.

As these products are in high demand, Muqabil wants to expand his business and produce more fruits and vegetables to cover market demand. For this purpose, he applied for a loan of AZN 2,000. He will buy new garden tools, seeds, and fertilizer. This is going to be his first credit.

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.

Tags

About Azerbaijan

  • $10,800
    Average annual income
  • 25
    View loans »
    Azerbaijan Loans Fundraising
  • $14,255,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Muqabil to buy new garden tools, seeds, and fertilizer.
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