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Tarana
Tarana is a 33 years old woman. She is IDP (inernally displaced person) and lives with her husband and two children in an IDP Settlement. She has been breeding cattle and cows for the last six years. Her husband is a workman and his work is low-paid and not permanent. Tarana started her business and her husband helps her to sell the cattle.

Tarana usually buys small calves, raises and fattens them for 5-6 months and then resells for a more profitable price in the livestock bazaar. Her monthly income is 120 AZN. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Tarana also sells fresh milk and yoghurt to neighbors.

Currently, Taran has applied for a 1000 AZN loan to purchase one milking cow, one cattle and fodder. This will be her second loan 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 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
  • 45
    View loans »
    Azerbaijan Loans Fundraising
  • $13,976,150
    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 Tarana to buy one milking cow, one cattle and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 20, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013