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Konul
Konul is a 48-year-old mother of a daughter and a son. Her husband is a driver. Konul has been earning money from farming for 20 years and has gained good skills. She raises crops and seasonal fruit trees (quince, persimmon, etc.), earning a monthly income of 200AZN. Quince and persimmon are delicious and useful fruits, especially when consumed fresh. People also use them in preparing jams and juice. Konul earns additional income raising hens and cocks.

Konul has applied for a 1500AZN loan in order to buy new fertilizers and garden tools. She plans to increase her income so as to be able to repair and enhance her house in the future. This will be her first loan.

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 $1,925 helped Konul to buy new fertilizers and garden tools.
46% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible