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Almara
Almara is a 49-year-old farmer. She is IDP (internally displaced person) and lives with her children and husband in an IDP Settlement. She breeds sheep and sells it for meat and fur purposes. She has been in this business for 8 years. Her husband is a workman and his job is low-paid and not permanent.

Almara usually buys lambs, raises and fattens them in 4-5 months and resells them for a more profitable price to the local vendors. Her monthly income is 150 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. Fur is very useful for blankets and bed mattresses made by local women.

She applied for 1200 AZN to purchase one milker cow and six sheep. This will be her second loan with AqroInvest and she has a good client history.

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 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

  • $10,800
    Average annual income
  • 26
    View loans »
    Azerbaijan Loans Fundraising
  • $14,260,675
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,550 helped Almara to buy one milker cow and six sheep.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013