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Elminaz is a 37-year-old woman. She is married with four children. She is an IDP and lives with her family in an IDP settlement. She is an animal breeder and fattens sheep. She has more than 10 years of experience, which makes her an experienced person. She has gained trust and respect from the local butchers and local vendors.

She usually buys lambs, raises them and fattens them, and in 4-5 months, she sells them for a more profitable price at the local livestock bazaar. People in Azerbaijan use mutton in everyday national dishes, such as pilau and dolmas, and always use yoghurt sauce. Mutton is considered very healthy and also present in everyday life. Fur is very useful for blankets and bed mattresses, which are made by local women. Her monthly income from this business is 160 AZN.

Now, Elminaz would like to expand her herd and purchase five sheep and one additional cow. She wants to buy a cow because there is a high demand for fresh milk and yoghurt. She applied for a 1000 AZN loan to reach her goals.

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 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
  • 14
    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 $1,275 helped Elminaz to buy five sheep and one cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 26, 2012
Aug 20, 2012
Currency Exchange Loss:
Jul 17, 2013