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.
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 AqroinvestAqroinvest 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.
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