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Gulnara
Gulnara is a 34 year old divorced woman who is raising two sons alone. She is classified as an Internally Displaced Person (IDP) and lives in an IDP settlement. For the past 8 years she has been breeding cattle. After her divorce she was left with two small children and no financial help. She was committed and brave enough not to give up on providing her beloved children with the life they deserve. That`s how she decided to start her cattle business.

Gulnara usually buys small calves, raises and fatten them for 5-6 months, and then resells them for a profit in the livestock bazaar. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. Gulnara also sells fresh milk and yoghurt to neighbors. Her monthly income is 120 AZN. She has applied for a loan of 1700 AZN to purchase one milking cow, two head of cattle, and fodder. This will be her third loan; she 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 in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.

About Azerbaijan

  • $6,171
    Average annual income
  • 64
    View loans »
    Azerbaijan Loans Fundraising
  • $14,162,625
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Gulnara to buy one milking cow, two head of cattle, and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013