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Chichek
Chichek is a 40 year old woman who is married with two sons. She is IDP. Chichek breeds cattle for meat purposes. He also has two milk cows. Her profit consists of cattle sales and selling fresh yoghurt and milk. Her husband is on a pension and helps her to run the business.

She usually buys small calves, raises and fattens them for five to six months, and then resells them for a higher price from her place (she does not need to take her livestock to the bazaar and customers and butchers comes to her house to buy livestock) and rarely in the livestock bazaar. Her monthly income is 150 AZN. This business is only one source of financial income in her family. Meat is in very high demand in Azerbaijan, and people use it in everyday dishes like pilau and dolma.

Now Chichek has applied for a loan of 800 AZN to buy two cattle and fodder.

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
  • 41
    View loans »
    Azerbaijan Loans Fundraising
  • $13,981,775
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Chichek to buy two cattle and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013