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Namiq
Namiq is 29 years old and married, with two children. He is an Internally Displaced Person and lives with his family in the Bilasuvar IDP Settlement. He breeds sheep and cattle and additionally sells milk products and meat. Namiq has more than six years of experience in this field, thanks to his father who taught him the best way to look after cattle.

Namiq usually buys lambs, which he raises and fattens in three to six months and then resells them for a more profitable price in the local livestock bazaar. Milk and yoghurt he sells to the neighbors. Milk and meat-selling bring AZN 150 income per month.

Milk and yoghurt, as well as beef and mutton, are very popular products in Azerbaijan. People use meat in such everyday national dishes as pilau and dolma and always use yoghurt sauce. Milk products are considered as very healthy, and they are also present in everyday life.

There is only one financial income in his family, and it's not enough to cover basic needs of his beloved children. Namiq applied for a loan of AZN 2000 to purchase 20 sheep, one cow, and fodder. This will be his third loan, and he is a trustworthy client of AqroInvest.

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
  • 23
    View loans »
    Azerbaijan Loans Fundraising
  • $14,215,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD
Expired
A loan of $2,550 helped Namiq to buy 20 sheep, a cow, and fodder.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 1, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 25, 2012