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Nazakat
Nazakat is a 23-year-old refugee. She is married and has a daughter. Her husband is a laborer and they live in an IDP settlement. Nazakat earns money for life from gardening. For two years, she has been raising seasonal vegetables and selling them at a local bazaar. She has a good experience, and her monthly income is 200 AZN.

Nazakat sells such seasonal vegetables as potatoes, tomatoes, eggplants, onions and greens. Such vegetables are always in high demand. People buy them to cook delicious national dishes such as fried eggplant or fried tomatoes with meat (pomidor dolmasi).

Nazakat wants to provide her child with a good future. She has to increase her income from vegetable growing to pay for her daughter’s education. She applied for 1500 AZN in order to buy new fertilizers and garden tools.

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.

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About Azerbaijan

  • $6,171
    Average annual income
  • 15
    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 Nazakat to buy new fertilizers and garden tools.
49% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2014
Listed
May 23, 2014
Currency Exchange Loss:
Possible