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Natavan
Natavan is a 45-year-old married woman with three children. She is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. Natavan has bred cattle for the last 10 years. She was a housewife and her husband`s salary as a laborer was too low to cover the family's needs, so Natavan decided to purchase her first cow.

Natavan usually buys small calves, raises and fattens them for 5-6 months and then resells them for a more profitable price in the livestock bazaar. Her monthly income is 70 AZN. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Natavan also keeps milk cows for personal use and for selling homemade milk and yoghurt to neighbors.

She wants to expand her business and improve the life conditions of her family. She applied for a 1500 AZN loan to purchase two beef cows, one milk cow and fodder.

Additional Information

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

  • $6,171
    Average annual income
  • 22
    View loans »
    Azerbaijan Loans Fundraising
  • $14,050,875
    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 Natavan to buy two beef cows, one milk cow and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013