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Sona
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 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.

About Azerbaijan

  • $6,171
    Average annual income
  • 41
    View loans »
    Azerbaijan Loans Fundraising
  • $14,085,050
    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 Sona to build a greenhouse for her garden and buy good fertilizers.
53% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2014
Listed
May 21, 2014
Currency Exchange Loss:
Possible