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Mubarak
Mubarak is a 43-year-old married woman. She has two sons. The members of the family are refugees and live in an IDP (Internally Displaced Persons) settlement. Her husband works as a laborer, but the main source of the family’s income is gardening. Mubarak has been raising fruits (apples, cherries, etc.) and selling them at the local bazaar for 18 years. She has good skills in this area, and her monthly income is 180 AZN.

Gardening is one of the most famous occupations in Azerbaijan. People have been growing and selling fruits and flowers since ancient times. Mubarak loves her job very much. She raises trees carefully and sometimes cooks and sells different kinds of jam and fruit pies. People like to buy Mubarak’s jam and pies because they are very tasty.

Unfortunately, Mubarak’s income isn’t enough to cover life’s demands. She applied for 1,500 AZN in order to supply new fruits for her grocery and increase her income. She hopes that this will help her to cover the cost of living.

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
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,925 helped Mubarak to supply new fruits for her grocery.
55% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible