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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 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.

Tags

About Azerbaijan

  • $6,171
    Average annual income
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    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 Rashad to buy additional fruits to sell.
55% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2014
Listed
Mar 29, 2014
Currency Exchange Loss:
Possible