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Razi is a 55-year-old refugee. He is married and has a son and two daughters. His wife is a housekeeper and they live in an IDP settlement. He is a gardener and has been raising seasonal fruits and vegetables for 30 years. He knows everything about gardening and has good experience in this. His monthly income is 170 AZN.

Gardening is very spread in Azerbaijan because people have high demand in fresh fruits and vegetables. They buy fruits for dessert or to prepare fruit salads, jam, and fruit pie. They prepare different tasty eating from vegetables. Local people prefer to attend Razi’s grocery, because fruits and vegetables there are always fresh and tasty. Beside that Razi understands that it’s hard for refugees and sells his harvest as cheaply as possible.

Razi needs to repair his house and wants to provide his children with a good education. He doesn’t want them to live a hard life. He applied for a 1200 AZN loan in order to buy quality garden tools and fertilizers. This will increase harvest and income.

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
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,550 helped Razi to buy quality garden tools and fertilizers.
44% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 13, 2014
May 23, 2014
Currency Exchange Loss: