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Elnura
Elnura is 27 years old, married, and has two children. She is classified as an Internally Displaced Person (IDP). She breeds cattle for meat purposes. She also has two milking cows. Her profits consist of sales of cattle as well as fresh yogurt and milk. Her husband is on a pension and helps her to run the business.

Elnura usually buys small calves, raises and fattens them for 5-6 months, and then resells them at a profit from her house. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. She earns 90 AZN a month; this business is only one source of income in her family. Elnura has applied for a loan of 1650 AZN to buy two head of cattle, one milking cow, and fodder. She is a trustworthy client of AqroInvest and has already successfully completed two loan cycles.

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
  • 15
    View loans »
    Azerbaijan Loans Fundraising
  • $13,995,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Elnura to buy two head of cattle, one milking cow, and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014