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Rajhab
Rajhab is thirty years old. He is married and has two sons. All members of the family live in an IDP (internally displaced persons) settlement. His wife is a housekeeper and raises the children. He is a farmer and raises seasonal fruits (apples, pears, cherries etc) and vegetables (cucumbers, greens, potatoes, tomatoes and so on). He sells all these products at the local bazaar to earn 180 AZN each month. He has been working in this field for five years and has good experience in gardening.

People like eating fresh fruit and vegetables because this is very good for their health. Besides that, people prepare different national dishes from vegetables and delicious sweet pies, cakes and jams from fruits. People prefer buying fruits and vegetables from Rajhab’s grocery. They visit every morning in order to buy all the products they need because his produce is always fresh and tasty.

Rajhab wants to expand his business and increase his monthly income. His current income isn’t enough to cover the children’s education and meet family’s demands. He applied for 1,100 AZN loan in order to buy high-quality fertilizers and garden tools. This is his second loan and he has a positive history as a client.

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
  • 43
    View loans »
    Azerbaijan Loans Fundraising
  • $13,977,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,425 helped Rajhab to buy high-quality fertilizers and garden tools.
55% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2014
Listed
Mar 14, 2014
Currency Exchange Loss:
Possible