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Vasif
Mr. Vasif is a vulnerable, low income person. He is 46, married with three children and lives in the village of Saatli town in the south-central flat area of the Azerbaijan Republic in the Caucasus region.

Vasif owns a herd of cattle. Each morning he grazes his herd and then sells beef in the local market of Saatli town. He uses some of his profit margin to buy calves to breed. The income from the four cows he has is too low to support his family, and that is why Vasif decided to increase his number of cattle to increase his income and to provide for all the necessities of his family.

For this purpose he has applied to the Norwegian Microcredit Saatli branch for a $500 loan to buy four calves. In the Caucasus region the price of one calf is about $100. In half a year Vasif can sell one breeded cow for $500.

About Azerbaijan

  • $6,171
    Average annual income
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Vasif to purchase 4 calves to increase his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 22, 2007
Listed
Oct 7, 2007
Currency Exchange Loss:
N/A
Ended:
Nov 19, 2008