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Sona is a 30-year-old married refugee. She has a daughter and a son. Her husband is a laborer, and they live in an IDP (Internally Displaced Persons) settlement. The main source of income for the family is gardening. Sona has been raising and selling seasonal fruits and vegetables for five years, and her monthly income is 220 AZN.

Fruits and vegetables are in high demand. People buy fruits to make juice or fruit salad and use vegetables to cook delicious national dishes such as dovgha, doghramajh, kuku, etc.

Sona’s income doesn’t cover the family’s needs. She applied for 1,500 AZN in order to build a greenhouse for her garden and buy good fertilizers. This will increase her harvest and income, and Sona will be able to provide her children with a good life and education.

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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,936,525
    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 Sona to build a greenhouse for her garden and buy good fertilizers.
44% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 7, 2014
May 21, 2014
Currency Exchange Loss: