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Shikhali is a 44-year-old refugee. He is married and has two sons and two daughters. His wife is a housekeeper and they live in an IDP settlement. He is a gardener and has raised seasonal fruits (apples, cherries, pears, etc.) and vegetables for 22 years. He sells his harvest at a local bazaar and gets 220 AZN monthly for this.

Gardening is in high demand in Azerbaijan because people have a high demand for fresh fruits and vegetables. They use fruits to make fresh juice and use vegetables to cook national dishes.

Shikali’s income doesn’t cover the family’s demands and he applied for a 1200 AZN loan in order to supply new kinds of fruit trees and grow them. He wants to diversify his assortment of groceries and increase his income.

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
  • 14
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    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 $1,550 helped Shikhali to supply new kinds of fruit trees and grow them.
49% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 7, 2014
May 21, 2014
Currency Exchange Loss: