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Hicran
Hicran is twenty-nine-year-old very kind and friendly young man. He is single and lives with his parents. He has raised livestock for the last five years. He sells them for meat, which is very popular among local people. Many popular dishes like dolma and pilov are made of meat. People consider it very healthy and digestible.

Hicran usually buys calves, raises and fattens them and sells them for profitable price. His monthly income is 100 AZN and this is the only financial income in his family. Keeping a family and covering any children's needs will be a very hard job. Looking after animals is very hard and means that he has to spend a lot of time outside. The climate in the region is very austere, bur Hicran is very positive man and his mother supports and helps him a lot.

He has applied for 700 AZN loan in order to buy two calves. As summer is very close it is good time to fatten animals and sell them for profitable price for wedding parties, of which there are many during this season.

Additional Information

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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Hicran to buy two calves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 11, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013