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Ahmad
Ahmad is a very hardworking and friendly man of 29. He is married and is an internally displaced person (IDP). Ahmad is cattle breeder and has six years of experience in this field. He gets financial support from government as an IDP but it is too low to cover the family's needs.

Ahmad usually buys small cattle, raising and fattening them for five to six months, and resells them at the local livestock bazaar. Meat selling brings in 110 Azerbaijanian Manat (AZN) per month. People use beef in everyday national dishes as pilau and dolma and always use yoghurt sauce.

This is the only income for his family and not enough to cover basic needs of his beloved children. Ahmad applied for 1500 AZN to purchase four calves. This will be his second loan and he has 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
  • 12
    View loans »
    Azerbaijan Loans Fundraising
  • $13,919,450
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Ahmad to buy four calves.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 23, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013