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Alamzar
Alamzar is 46 years old and married with a daughter and three sons. They are refugees and live in an IDP settlement. Her husband is a teacher at kindergarten but earnings from this job aren’t enough and the main source of income for family is farming.

Almazar raises and sells seasonal vegetables such as pumpkin, cucumber, potatoes and so on. She has been raising them and selling at the local bazaar for 24 years and has good experience in this area. Her monthly income is 200AZN.

Vegetables are in high demand in Azerbaijan because people like to use them for fresh salads and delicious national dishes. They go to local groceries to buy fresh and tasty vegetables. They know that vegetables raised in private gardens are always fresh and without pesticides.

Almazar needs money to cover the family’s demands. She applied for 1500AZN in order to purchase quality fertilizers to increase her harvest and income.This is her fourth loan and she has a good client history.

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
  • 17
    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 $1,925 helped Alamzar to purchase quality fertilizers and increase her harvest.
49% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
May 21, 2014
Currency Exchange Loss:
Possible