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Sola
Sola is a 57-year-old married woman with three children. She is an IDP (internally displaced person) and lives in Bilasuvar IDP Settlement. Sola breeds cattle and cows and has done so for the last 15 years. She decided to engage to this business because her husband had been cattle-breeding from youth and her pension was approaching.

Sola usually buys small calves, raises and fattens them for 5-6 months and then resells for more profitable price in the livestock bazaar. Her monthly income is 150 AZN and 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. Sola also keeps milk cows for personal use and for selling to neighbors.

She wants to expand her business and improve the living conditions of her family. She applied for 1600 AZN loan in order to purchase three head of cattle, one milk cow and fodder. This will be her third loan and she has a good credit 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
  • 14
    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 $2,050 helped Sola to buy three cattle, one milk cow and fodder.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2013