Zamiq is a farmer and raises seasonal fruits and vegetables. He has six years of experience in this field, which makes him an experienced and skilled person in this field.
Zamiq usually sells his crop to the market vendors in his area. People use fresh vegetables every day and consider them healthful. His monthly income is 100 AZN. Raising crops takes a lot of strength, in addition to working in the open air. This is very hard work, and that's why his wife is helping him in this business.
He needs additional money to invest in seeds and fertilizers. This will allow him to improve the quality of products he raises and increase his monthly turnover. For this purpose, he has applied for 2,000 AZN. This is going to be his first loan.
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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.
In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.
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