Sakir usually buys small cows or lambs, raises and fattens them for five to six months, and resells them for a more profitable price in the local livestock bazaar. Meat selling brings him an income of 80 AZN per month. People use beef and mutton in everyday national dishes like pilau and dolma and always use yoghurt souse. Sheep wool is also very popular, and blankets are made of sheep wool.
This is the only source of income for his family and it's not enough to cover the basic needs of his beloved children. Sakir applied for a loan of 1500 AZN to purchase one cow and 15 sheep. This will be his second loan from Aqroinvest; Sakir has a good client history.
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 AqroinvestAqroinvest 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.
38View loans »