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Yashar
Yashar is a 45-year-old man, divorced and bringing up four children alone. He is an internally displaced person (IDP) and lives in Bilasuvar IDP Settlement. Yashar breeds sheep, which he has done for the past 12 years.

Yashar usually buys lambs and fattens them for three to six months and then resells for a profitable price in the livestock bazaar. His monthly income is 100 AZN, and this business is the main source of income for his family. Mutton is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma. His older son helps Yashar to look after the sheep.

Yashar wants to expand his business and improve the living conditions of his family. He applied for a 1500 AZN loan to purchase 15 sheep and feed for the sheep. This will be his second loan from AqroInvest CU, and he 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
  • 28
    View loans »
    Azerbaijan Loans Fundraising
  • $13,951,900
    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 Yashar to buy 15 sheep and feed for the sheep.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Oct 14, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013