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Elnur
Elnur is a 31-year-old married man with four children. He is an IDP [internally displaced person] and lives with his family in Bilasuvar IDP Settlement. He breeds sheep for meat and wool for local butchers. Elnur has more than 10 years of experience in this field, thanks to his father who taught him the best way to look after sheep. He receives 120 Azerbaijani manats (AZN) of financial support from the government monthly, but this is too low to cover his family's needs.

Elnur usually buys lambs, raises and fattens them for 4-5 months and resells them at a more profitable price in the local livestock bazaar. His monthly income is 120 AZN. People use meat in everyday national dishes such as pilau and dolma and always use yoghurt sauce. Mutton is considered very healthy and is also present in everyday life. Wool is very useful for blankets and bed mattresses made by local woman.

There is only one source of financial income in this family. Elnur applied for 800 AZN to purchase seven sheep and fodder.

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
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $13,992,500
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Elnur to buy seven sheep and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jun 23, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013