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Nazakat is a 23-year-old refugee. She is married and has a daughter. Her husband is a laborer and they live in an IDP settlement. Nazakat earns money for life from gardening. For two years, she has been raising seasonal vegetables and selling them at a local bazaar. She has a good experience, and her monthly income is 200 AZN.

Nazakat sells such seasonal vegetables as potatoes, tomatoes, eggplants, onions and greens. Such vegetables are always in high demand. People buy them to cook delicious national dishes such as fried eggplant or fried tomatoes with meat (pomidor dolmasi).

Nazakat wants to provide her child with a good future. She has to increase her income from vegetable growing to pay for her daughter’s education. She applied for 1500 AZN in order to buy new fertilizers and garden tools.

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 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.


About Azerbaijan

  • $10,800
    Average annual income
  • 24
    View loans »
    Azerbaijan Loans Fundraising
  • $14,860,125
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Nazakat to buy new fertilizers and garden tools.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
May 13, 2014
May 23, 2014
Currency Exchange Loss:
Dec 17, 2015