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Zarnigar is a 30-year-old married woman and has three sons. The members of family are refugees and live in an IDP settlement. Her husband is a laborer, but the main source of family’s income is gardening. Zarnigar has been raising and selling wheat for eight years and has good skills in this area. Her monthly income is 350 AZN.

People have high demand in wheat because they use it to prepare flour and flour products. They bake pies, bread, lavash, cakes and so on.

Family’s monthly income doesn't cover the demands and Zarnigar needs money for this. She applied for 1,500 AZN loan in order to buy new fertilizers for wheat, and increase harvest and income. She wants to provide her children good 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
  • 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 $1,925 helped Zarnigar to buy new fertilizers for wheat and increase harvest.
49% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 7, 2014
May 22, 2014
Currency Exchange Loss: