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Nail
Nail is 24 years old, single and a very enthusiastic man. He is IDP and lives with his parents in the Bilasuvar IDP Settlement. He breeds sheep for meat and fur purposes that he sells to local butchers. Nail has 4 years of experience in this field, thanks to his father who taught him how to look after sheep and who helped him start the business. He receives 80 AZN financial support from the government monthly, but this is too low to expand business to respond to his customer`s demands.
Nail usually buys lambs, raises and fattens them for 4-5 months and resells them for a more profitable price at the local livestock bazaar. His monthly income is 120 AZN. People use meat in everyday national dishes as pilau and dolma and always use yoghurt sauce. Mutton is considered as very healthy and is also used in everyday life. Fur is very useful for blankets and bed mattresses that are made by local woman.
This is only financial income for his family. Nail applied for 1500 AZN to purchase 15 sheep and fodder.

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
  • 31
    View loans »
    Azerbaijan Loans Fundraising
  • $13,959,400
    Funds lent in using Kiva
  • 0.8
    Azerbaijan New Manats (AZN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,925 helped Nail to buy 15 sheep and fodder.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 29, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 17, 2014