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Ramiz is 51 years old and married with a daughter and a son. He is a refugee and lives with his family in an IDP settlement. His wife is a housekeeper and educates children. The source of the family’s income is Ramiz’s construction materials market. He has been selling paints, glue, masking tapes, drills, and glass dust etc. for 25 years, and he sorts out in this area very well. His monthly income is 150 AZN.

A lot of houses are built in IDP settlements at this moment because of the big population of refugees. That’s why there is a high demand for construction materials in that region. Ramiz’s market is the most popular and biggest one. Almost all builders require his materials.

Though Ramiz's market is very big, the assortment there isn’t as wide as required. This makes Ramiz’s income very low and impossible to cover the family’s demands. He applied for 1100 AZN in order to supply more construction materials for market.

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.


About Azerbaijan

  • $6,171
    Average annual income
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,942,725
    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 Ramiz to supply more construction materials for market.
55% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 7, 2014
Mar 21, 2014
Currency Exchange Loss: