Check out some available loans that are similar to this one!
Rashad
Rashad is a 28-year-old refugee. He is married and has a daughter. His wife is a housekeeper and the family lives in an IDP settlement. The head of the family has earned money raising fruits and vegetables for 4 years. His monthly income is 150 AZN.

Azerbaijan people like eating fresh fruits and vegetables. They use fruits to prepare jam for tea and cook delicious dishes from vegetables. Rashad raises fruits and vegetables in the backyard of his house and then sells them at a local bazaar.

Rashad's earnings aren’t enough to cover his family’s needs. He applied for an 1,100 AZN loan in order to supply and sell other sorts of fruits at the bazaar in addition to the ones that he grows himself.

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

  • $6,171
    Average annual income
  • 30
    View loans »
    Azerbaijan Loans Fundraising
  • $14,140,275
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,425 helped Rashad to buy additional fruits to sell.
69% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Mar 29, 2014
Currency Exchange Loss:
Possible