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Heydar, 33, is married with three children. He is an internally displaced person (IDP) and lives with his family in Bilasuvar IDP Settlement. He breeds cows and cattle and sells milk and milk products and provides beef to local butchers. Heydar has 6 years of experience in this field, thanks to his father, who taught him them how best to look after cattle. He receives 80 AZN financial support from government each month, but this is too low to cover his family's needs.

Heydar usually buys small cattle, raises and fattens them for 5-6 months and resells them at a more profitable price in the local livestock bazaar. He sells milk and yogurt he sells to his neighbors. Milk and meat selling brings in 150 AZN per month. Milk and yogurt, as well as meat, are very popular products in Azerbaijan. People use meat in everyday national dishes as pilau and dolma and always use yogurt sauce. Milk products are considered very healthy and common in everyday life.

This is only one income in his family, and it is not enough to cover the basic needs of his beloved children. Heydar applied for 1800 AZN to purchase one milk cow and three cattle. He is a trustworthy client and this will be his fourth loan.

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

  • $10,800
    Average annual income
  • 68
    View loans »
    Azerbaijan Loans Fundraising
  • $14,505,725
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,300 helped Heydar to buy one milk cow and three cattle.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Nov 5, 2012
Dec 3, 2012
Currency Exchange Loss:
Mar 17, 2014