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Malahat is a 49-year-old refugee. She is married and has a daughter and two sons. Her husband is a laborer and they live in an IDP (Internally Displaced Persons) settlement. Their main source of income is farming. Malahat has been raising and selling seasonal vegetables and wheat for 24 years. She has good skills in this area, and her monthly income is 280 AZN.

Wheat is in high demand because people buy flour products every day. They buy vegetables in order to make delicious dishes from them. Malahat supplies vegetables and wheat to local cafés and bazaars.

Malahat’s income doesn’t cover the family’s demands. She applied for 1500 AZN in order to buy good fertilizers for vegetables and wheat. This will increase the harvest and income of the family, and she will be able to pay for her children’s 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 Malahat to buy good fertilizers for vegetables and wheat.
49% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 13, 2014
May 27, 2014
Currency Exchange Loss: