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Suleyman
Suleyman is 37 years old and married with two daughters. The members of the family are refugees and live in an IDP settlement. Suleyman provides for the family by raising and selling fruits in a small yard of his house. He has been working in this area for 17 years and has good skills. His monthly income is 180 AZN.

People prefer to attend Suleyman’s grocery because he is a very kind and cheerful man and always sells tasty and fresh fruits. He knows customers' demands and does everything in order to satisfy them.

Suleyman’s income is too low to cover the family’s demands. He applied for 1200 AZN in order to supply new sorts of fruit seeds and raise them too. This will increase the harvest, the grocery’s assortment, and his 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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    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 $1,550 helped Suleyman to supply new sorts of fruit seeds and diversify the assortment of groceries.
49% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 13, 2014
Listed
May 23, 2014
Currency Exchange Loss:
Possible